Social insurance Number programs include Social Security, which pays benefits to retired workers and disabled workers and their families; Medicare, which pays for health care for those over 65 and the disabled of all ages; Workers' Compensation, which pays for wage replacement and medical costs for those injured on the job; and Unemployment Insurance, which provides partial wage replacement for those who have lost their jobs.
- Social Security
- Medicare
- Workers' Compensation and Disability
- Unemployment Insurance
- Long-Term Care
What is Social Insurance Number ?
Life is filled with risks. Uncertainty is the rule because nobody can predict with confidence his, or her, future state of wealth or health. Families once bore the primary responsibility for caring for their individual members in bad times. But modern industrial society has scattered family members to different jobs in different locations. There are certain risks we have agreed to confront as a society, rather than as individuals. Citizens have decided, through the political system, that we need protection against some of life's difficulties that are hard to face as individuals. These include old age, ill health, unemployment, disability that makes it impossible to work, injury on the job, and the death of a family breadwinner. For all these conditions, we rely on help from social insurance programs, which are financed by workers and employers.