Which of the following is true of Social Security but not Medicare? (1 point)
Money withheld from your paycheck is used
• to pay benefits to people who are collecting them now.
•
Participation in the program is mandatory.
It provides benefits to
• people with disabilities.
It pays benefits to retirees.
Money withheld from your paycheck is used to pay benefits to people who are collecting them now.
Participation in the program is mandatory.
It pays benefits to retirees.
Which of the following is true of Social Security but not Medicare? (1 point)
Money withheld from your paycheck is used to pay benefits to people who are collecting them now.
Participation in the program is mandatory.
It provides benefits to people with disabilities.
It pays benefits to retirees.
The correct answer is: It provides benefits to people with disabilities.
Which of the following is true of Social Security but not Medicare? (1 point)
Money withheld from your paycheck is used
• to pay benefits to people who are collecting them now.
•
Participation in the program is mandatory.
It provides benefits to
• people with disabilities.
It pays benefits to retirees.
The correct answer is: It provides benefits to people with disabilities.
The statement "Participation in the program is mandatory" is true of Social Security but not Medicare.
The statement that money withheld from your paycheck is used to pay benefits to people who are collecting them now is true of Social Security but not Medicare.
To determine the correct answer, we can analyze the features of both Social Security and Medicare. Social Security is a social insurance program in the United States that provides benefits to retired workers, disabled individuals, and certain family members of workers who are either deceased or disabled. On the other hand, Medicare is a federal health insurance program that primarily provides healthcare coverage to people who are 65 years old or older.
Regarding the statement, it is important to note that money withheld from paychecks is used to fund the Social Security program. These funds are used to pay benefits to current beneficiaries who are collecting their retirement or disability benefits. This means that the money paid into the Social Security system by workers is used to provide benefits to those who are currently eligible and receiving them.
However, when it comes to Medicare, the situation is different. Medicare is funded through a combination of sources, including payroll taxes, premiums paid by beneficiaries, and general revenue from the federal government. The money withheld from paychecks specifically for Medicare is not directly used to pay benefits to current beneficiaries. Instead, it goes into a general fund to support the overall financing of the Medicare program.
In conclusion, the statement that money withheld from your paycheck is used to pay benefits to people who are collecting them now applies only to Social Security and not Medicare.