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The Term Used to Describe Plans in Which Automobile Insurers

question 3

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The term used to describe plans in which automobile insurers participate to make insurance available to drivers unable to obtain coverage in the standard market is the


Definitions:

Social Security Tax

A tax that funds the Social Security program, typically collected as part of the FICA tax.

Medicare Tax

A federal tax that finances the Medicare program, split equally between employers and employees, based on a fixed percentage of an individual’s earnings.

Social Security

A government program that provides financial support to people who are retired, disabled, or survivors of deceased workers.

Medicare

A federal health insurance program in the United States for people aged 65 and over, or for those under 65 with certain disabilities or conditions.

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