Social insurance consists of mandatory programs with broad or universal coverage, funded by taxes or fees. These programs are aimed at providing benefits to retired, disabled, or unemployed individuals, as well as to their dependents. Social Security, Medicare, and unemployment insurance are examples of social insurance programs.

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Social Insurance Is

Question 22

Multiple Choice

Social insurance is:

A) consists mandatory programs with broad or universal coverage, funded by taxes or fees.
B) insurance for high risk people.
C) insurance for social clubs.
D) insurance for students.
E) none of the above.

Correct Answer: