Asked by YALESHKA ESTRADA on Jun 18, 2024
Verified
Medicare is a ________ program; Medicaid is a ________ program.
A) noncontributory; contributory
B) contributory; noncontributory
C) contributory; contributory
D) noncontributory; noncontributory
Contributory
Relating to or involving contributions; in the context of social security or insurance, it refers to systems where benefits are contingent upon the beneficiary's prior contributions.
Noncontributory
A social welfare program that does not require participants to have contributed to a specific fund in order to receive benefits from it.
- Absorb the fundamentals of enforced savings programs and identify the variations between Medicare and Medicaid.
Verified Answer
JA
Jamal AlwanJun 18, 2024
Final Answer :
B
Explanation :
Medicare is a contributory program, funded by payroll taxes paid by employees, employers, and the self-employed. Medicaid is a noncontributory program, funded by state and federal governments to assist low-income individuals and families.
Learning Objectives
- Absorb the fundamentals of enforced savings programs and identify the variations between Medicare and Medicaid.