Definition of Government Insurance
- The United States currently offers several kinds of insurance, with perhaps the most popular being unemployment insurance. This type of insurance pays a part of your salary over a period of time if you lose your job.
- The costs for government insurance programs are covered by the taxes that each individual citizen pays.
- The government does not have to be the sole insurance provider. A government can be an option, such as in health care, for a person who cannot afford or does not qualify for private insurance.
- Any type of social welfare provided to a country's citizens is considered to be social insurance. In the U.S., this includes Social Security, Medicare and food stamps.
- Many governments provide life insurance policies to citizens who serve their country in the military.
Unemployment
Costs
Health Care
Social Welfare
Military
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