Life and Health Insurance

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Vovevabyn

Health Medical

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The insurance principles of assessing and pooling risk do not apply to welfare programs.

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Question 1 The insurance principles of assessing and pooling risk do not apply to welfare programs. Question 1 options: True False Question 2 In the last two decades, Social Security taxes have increased much faster than the general level of prices, but not as fast as the cost of health care. Question 2 options: True False Question 3 The current Social Security benefit levels cannot be maintained without raising Social Security withholding taxes or extending the normal retirement age. Question 3 options: True False Question 4 Both public assistance programs and social insurance programs are organized and undertaken by the government and have the broad social purpose of reducing want and destitution. Question 4 options: True False Question 5 Like social insurance, employers and employees pay into the public assistance system to earn their rights to benefits. Question 5 options: True False Question 6 Both Social Security and Medicare programs face a long-term financing gap. Question 6 options: True False Question 7 The current generations of taxpayers are confident about the ability of the Social Security system to deliver benefits at current inflationadjusted levels. Question 7 options: True False Question 8 If an individual qualifies as both a worker and as the spouse of a worker, the beneficiary will receive whichever primary insurance amount is greater, but not both. Question 8 options: True False Question 9 Social insurance is also referred to as public assistance. Question 9 options: True False Question 10 Social Security is need-based and does not depend on a person’s employment history. Question 10 options: True False
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