Question

Briefly explain the differences between TANF, the earned income tax credit, SNAP, and Medicaid.

a. TANF - healthcare; EITC - cash assistance; SNAP - food assistance; Medicaid - housing assistance
b. TANF - cash assistance; EITC - tax credits; SNAP - food assistance; Medicaid - healthcare
c. TANF - housing assistance; EITC - education grants; SNAP - tax credits; Medicaid - cash assistance
d. TANF - job training; EITC - retirement benefits; SNAP - healthcare; Medicaid - disability benefits

Answer 1

TANF provides cash assistance to families, EITC is a tax credit for low to moderate-income earners, SNAP offers food assistance benefits, and Medicaid provides healthcare coverage to low-income individuals.

Step-by-step explanation:

The differences between TANF, the Earned Income Tax Credit (EITC), SNAP, and Medicaid are as follows:

• TANF (Temporary Assistance for Needy Families) - Provides cash assistance to families with dependent children and pregnant women in the last three months of pregnancy. It has a work requirement and time limits.
• EITC (Earned Income Tax Credit) - A refundable tax credit for low to moderate-income working individuals and families, particularly those with children. The amount of EITC benefit depends on a recipient's income and number of children.
• SNAP (Supplemental Nutrition Assistance Program) - Offers food assistance to eligible low-income individuals and families through a benefit card that can be used to purchase food.
• Medicaid - Provides healthcare coverage to eligible low-income individuals and families, including children, pregnant women, elderly adults, and people with disabilities.