social insurance

Popular Terms
Form of compensation provided and controlled by a government for elderly, disable, or unemployed people. Acceptance in a social insurance program is not guaranteed and individuals seeking to be covered have to meet certain requirements. Social insurance may come in the form of healthcare of monetary compensation. In terms of social insurance programs geared toward healthcare, they typically include a network of doctors and hospitals that agree to see individuals covered under this type of plan. These providers are compensated by the government for their services. Medicaid, Medicare, and unemployment compensation are all examples of social insurance programs in the United States.

Use 'social insurance' in a Sentence

You should try and get some social insurance on your side in case something goes wrong and you need it to survive.
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You should try to have good social insurance in your workplace so that everyone can be more free to speak their mind.
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I needed some social insurance because I liked to have all kinds of insurance in case something happened to me.
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