This government insurance program is an example of Social Security.
Social security is the protection that a society provides to individuals and households to ensure access to health care and to guarantee income security, particularly in cases of old age, unemployment, sickness, invalidity, work injury, maternity or loss of a breadwinner.
Effective social security systems guarantee income security and health protection, thereby contributing to the prevention and reduction of poverty and inequality, and the promotion of social inclusion and human dignity.
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Correct Question - The government is one of three primary types of insurers. Government insurance provides protections against fundamental risks. This is an example of which government insurance program?