Social insurance includes which programs?

• A. Vision Insurance
• B. Private Disability Insurance
• C. Medicare, Medicaid, Social Security
• D. Employer-Sponsored Life Insurance

Answer: (C)

Social insurance consists of government-sponsored programs funded by payroll taxes that provide essential protections when people meet eligible conditions. Medicare, Medicaid, and Social Security are classic examples: Medicare offers health coverage for most people 65 and older or certain disabled individuals; Medicaid helps those with limited income access medical care; Social Security provides retirement, disability, and survivors benefits. The other options are private or employer-based plans that individuals obtain through work or purchase themselves, so they aren’t part of social insurance.