This is an insurance program that is compulsory for nearly all Americans, eligibility criteria and benefits are specified by law, and financing is wholly or partially covered by the employer.Some examples of these insurance programs include workers' compensation and unemployment compensation, and Social Security.Identify these programs.
A)Welfare program
B)Convenience program
C)Managed care program
D)Public assistance
E)Social insurance

Question

Quizplus · Accepted Answer

Social insurance programs are designed to provide financial protection to individuals against certain life events, such as retirement, disability, or unemployment. These programs, including Social Security, workers' compensation, and unemployment compensation, are compulsory, have eligibility criteria and benefits specified by law, and are financed through contributions from employers and employees.

This Is an Insurance Program That Is Compulsory for Nearly