social insurance

noun

Definition of social insurance

: protection of the individual against economic hazards (such as unemployment, old age, or disability) in which the government participates or enforces the participation of employers and affected individuals

Examples of social insurance in a Sentence

Recent Examples on the Web The basic reason why Congress added an earnings test to the Social Security law is because Social Security is considered to be a social insurance program. Laurence Kotlikoff, Forbes, 22 May 2022 As Economist Kathleen Romig notes, Republicans and Democrats have come together before to solve big social insurance problems. Teresa Ghilarducci, Forbes, 3 Jan. 2022 The company was told in July to ensure its workers are paid above minimum wage, get basic social insurance and a relaxation in delivery deadlines. Yue Wang, Forbes, 8 Oct. 2021 Instead, China generates the bulk of its tax revenue from two levies that fall disproportionately on the poor: value added taxes on consumer goods and social insurance taxes. Yvonne Lau, Fortune, 26 Oct. 2021 Arnone emphasizes the distinction between social assistance programs, which are means-tested and targeted, and social insurance programs such as Medicare and Social Security, which are designed to be universal. Los Angeles Times, 21 Oct. 2021 The United States has long been an entitlement society, with the government operating a variety of social insurance programs to lessen hardship. Steve Chapman, chicagotribune.com, 13 Oct. 2021 The key to insurance For social insurance to succeed, the vast majority of workers should participate. Howard Gleckman, Forbes, 6 Oct. 2021 These kinds of headlines were prompted by a report released last week from the Social Security Board of Trustees that said the nation’s bedrock social insurance program is one year closer to insolvency. Tom Margenau, Dallas News, 19 Sep. 2021 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'social insurance.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of social insurance

1890, in the meaning defined above

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Time Traveler for social insurance

Time Traveler

The first known use of social insurance was in 1890

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Dictionary Entries Near social insurance

social insect

social insurance

socialise

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Statistics for social insurance

Last Updated

26 May 2022

Cite this Entry

“Social insurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/social%20insurance. Accessed 25 Jun. 2022.

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More Definitions for social insurance

social insurance

noun

Legal Definition of social insurance

: insurance of the individual against certain hazards (as unemployment, old age, and disability) that is undertaken, facilitated, or enforced by government

More from Merriam-Webster on social insurance

Britannica.com: Encyclopedia article about social insurance

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