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Definition of Government Insurance

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    Unemployment

    • 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.

    Costs

    • The costs for government insurance programs are covered by the taxes that each individual citizen pays.

    Health Care

    • 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.

    Social Welfare

    • 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.

    Military

    • Many governments provide life insurance policies to citizens who serve their country in the military.

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