Programs that require people to pay into a common pool and are in turn eligible to draw on benefits under certain circumstances are called:

Question

Quizplus · Accepted Answer

Social insurance programs require people to pay into a common pool through taxes or other contributions, and in return, they are eligible to receive benefits under certain circumstances, such as retirement, disability, or unemployment. Examples of social insurance programs in the United States include Social Security and Medicare.

Programs That Require People to Pay into a Common Pool