Question

The insurance that workers receive through their job is called _______________.

1) social insurance
2) community selection
3) employer-sponsored insurance
4) Medicare
5) a lucky break

Answer 1

The insurance workers receive through their job is known as employer-sponsored insurance, which is a form of social safety net.

Step-by-step explanation:

The insurance that workers receive through their job is called employer-sponsored insurance. This form of insurance is part of the broader concept of the social safety net, which includes various forms of social protection or social insurance, such as Social Security and Medicare in the United States.

While Social Security and Medicare are types of social insurance funded by payroll taxes and designed to provide income and healthcare benefits to the elderly, employer-sponsored insurance is provided by an employer and typically covers a range of health-related expenses for employees.