The Social Security Act of 1935 provides which type of insurance program?

The Social Security Act of 1935 provides which type of insurance program?

• A. Old Age, Survivors, Disability, & Health Insurance
• B. Private health insurance subsidies
• C. Unemployment-only program
• D. Military pension program

Answer: (A)

The Social Security Act of 1935 created a broad social insurance program designed to provide financial protection in key life events. It established retirement benefits for workers, protections for survivors when a wage earner dies, and disability benefits for those who cannot work. Over time, it also became the framework for health coverage for older adults and some disabled individuals, which is Medicare. Taken together, these components are summarized as Old Age, Survivors, Disability, & Health Insurance. The other options don’t fit because they describe narrower or unrelated programs: private health insurance subsidies aren’t what the Act created, an unemployment-only program ignores retirement and disability protections, and a military pension program is separate from Social Security.

The Social Security Act of 1935 created a broad social insurance program designed to provide financial protection in key life events. It established retirement benefits for workers, protections for survivors when a wage earner dies, and disability benefits for those who cannot work. Over time, it also became the framework for health coverage for older adults and some disabled individuals, which is Medicare. Taken together, these components are summarized as Old Age, Survivors, Disability, & Health Insurance. The other options don’t fit because they describe narrower or unrelated programs: private health insurance subsidies aren’t what the Act created, an unemployment-only program ignores retirement and disability protections, and a military pension program is separate from Social Security.