The Social Security Act of 1935: Provides programs that are both social insurance and means-tested. Was the first and most comprehensive social policies ever passed. Mostly focuses on the elderly and retired population. A and B only All of the above
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d) Sales; property; and unemployment What is Social Security? a) A private insurance system just for the elderly b) A free insurance system c) The amount of money someone has d) None of the above The purpose of taxes is to a) Improve roads b) Support government c) Pay retirement benefits d) All of the above
Jennifer S.
1. What differentiates a social insurance program from a means-tested program? Group of answer choices a. A social insurance program provides benefits based upon immediate need, while a means-tested program extends benefits based upon age categories. b. A social insurance program extends benefits only to the working poor, while a means-tested program extends benefits to everyone, regardless of social class. c. A social insurance program provides benefits based upon demonstrated need, while a means-tested program provides benefits based upon lifetime contributions. d. A social insurance program extends benefits to everybody, while a means-tested program only extends to benefits for the elderly. e. A social insurance program provides benefits based upon lifetime contributions, while a means tested program provides benefits based upon demonstrated need. 2. Safety net programs, such as SNAP - Supplemental Nutritional Assistance Program, LIHEAP - Low Income Home Energy Assistance Program, and TANF - Temporary Assistance for Needy Families, referred to as entitlements because Group of answer choices a. because they are benefits available only to the working poor in the United States. b. because they are benefits that are distributed on a case-by-case basis to select citizens in extreme need. c. because benefits are distributed automatically to citizens who qualify, based on a set of guidelines. d. because they are benefits that one earns by working, and thus the person is entitled to them. e. because they are benefits funded through the Title 9 section of the 1965 Civil Rights Act.
James K.
How did or would the following affect the current public debt and implicit liabilities of the U.S. government? In 2003, Congress passed and President Bush signed the Medicare Modernization Act, which provides seniors and individuals with disabilities with a prescription drug benefit. Some of the benefits under this law took effect immediately, but others will not begin until sometime in the future. The age at which retired persons can receive full Social Security benefits is raised to age 70 for future retirees. Social Security benefits for future retirees are limited to those with low incomes. Because the cost of health care is increasing faster than the overall inflation rate, annual increases in Social Security benefits are increased by the annual increase in health care costs rather than the overall inflation rate. The Affordable Care Act (ACA), which went into effect in 2014, created incentives for hospitals to find ways to save the government money.
Akash M.
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