Question

Name the four public social insurance programs established under the Social Security Act of 1935. Once you identify each, provide a brief description for each one.

Answer 1

On August 14, 1935, the Social Security Act built up an arrangement of mature age benefits for laborers, benefits for casualties of modern mishaps, joblessness protection, help for dependent mothers and children, the visually impaired, and the physically incapacitated.

Name the four public social insurance programs established under the Social Security Act of 1935 are given below:

• Old-age program - Provides for federal money to be given to states for old-age benefits.
• Unemployment insurance - Provides for unemployment benefits via grants to states
• Aid to Dependent Children program- It was a federal assistance program in actuality from 1935 to 1996 made by the Social Security Act (SSA) and controlled by the United States Department of Health and Human Services that gave money related help to kids whose families had low or no salary.
• Medicare and Medicaid- Medicare is a national medical coverage program in the United States, started in 1966 under the Social Security Administration (SSA) and now directed by the Centers for Medicare and Medicaid Services (CMS). It fundamentally gives medical coverage to Americans matured 65 and more seasoned, yet in addition to some more youthful individuals with handicap status as dictated by the Social Security Administration, just as individuals with end organize renal disease and amyotrophic lateral sclerosis.