Social Security: The Four Types Of Social Insurance

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There are many different types of insurances for people to have guaranteed safety as they live their lives. Some of the main social insurances are Social Security, Medicare, and Unemployment. Social Security is the insurance that you get when you retire or when you become disabled. It is supposed to help them and their families maintain their basic needs of living. Social Security is very common. It shows that one out of every four households get money from Social Security. There is not a relation between their living needs. The payments received by someone reflect the payment history into the Social Security program and must satisfy the beneficiary’s ability to maintain a certain standard of living while helping them cope with potential …show more content…
And Medicare, unlike Social Security has four parts to it: Medicare part A, B, C, and D. and each part has something different from the other. Part A is coved for hospital insurance. After the age of 65 you automatically receive this plan if you have retirement benefits from the Social Security Board, if you are eligible to get Social Security benefits, but haven’t filed for them yet, or if the person or their spouse had Medicare-Covered government employment. This coming from Medicare.gov. The next part is Part B, also known as medical insurance. Medicare Part B covers medially necessary services such as clinical research, ambulance services, and getting a second opinion before surgery. Part B does not require a premium, unlike part A. Because Part B premiums are based on beneficiary income. This part is not fully covered insurance coverage. The next Plan is part C. Part C is also known as Medical Advantage. Part C gives all of the hospital insurance (part A) and the medical insurance (Part B), and sometimes other benefits like vision, dental, and hearing, and some over prescription drugs. With the extra benefits, you would have to go to certain doctors to keep them. The final part of the medical parts is part D. Medicare Part D is also known as the Drug Plan Part D covers the cost of prescription …show more content…
To receive a TANF grant, you have to be below the resource and income limits that they have in place for the program. The Health and Human Service Commission will review the family’s income in relation to the other families and how much they pay for their bills and their basic needs, like food payment for their house, and child care. For the people that are eligible and do receive TANF get cash payments for six months to help pay off their bills and their debts. Along with getting TANF benefits, the family will also get Medical benefits. Texas does not have a TANF eligibility determinate. But one of the main requirement’s is that you have to be a resident of Texas, pregnant or have to be taking care of a child under 19 years old, a national United States citizen/ legal alien you must have a very low income, and be unemployed or under-employed. TANF can be a life time thing, if you are eligible for it. If you don’t meet the requirements, TANF can be limited for only sixty

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