social insurance

noun

: 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 Leading for now Washington state is by far the furthest along in creating a new long-term care social insurance program, called the WA Cares Fund. Marc Cohen, The Conversation, 30 Apr. 2024 The state collects only around 14 percent of GDP in tax revenues (a figure that rises by 4–6 percentage points if other revenues, such as social insurance contributions, are included), well below the Organization for Economic Cooperation and Development average of 34 percent. Daniel H. Rosen, Foreign Affairs, 27 Mar. 2024 These problems of funding our major social insurance programs and of medium- and long-term balancing of federal finances as a whole, are not insoluble ones. Edward Lotterman, Twin Cities, 26 May 2024 Massachusetts has recently funded a study to look at the costs and benefits of alternative social insurance approaches. Marc Cohen, The Conversation, 30 Apr. 2024 See all Example Sentences for social insurance 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'social insurance.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1890, in the meaning defined above

Time Traveler
The first known use of social insurance was in 1890

Dictionary Entries Near social insurance

Cite this Entry

“Social insurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/social%20insurance. Accessed 7 Jul. 2024.

Legal Definition

social insurance

noun
: 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

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