Similarities To Private Insurance
Typical similarities between social insurance programs and private insurance programs include:
- Wide pooling of risks;
- Specific definitions of the benefits provided;
- Specific definitions of eligibility rules and the amount of coverage provided;
- Specific premium, contribution or tax rates required to meet the expected costs of the system.
Read more about this topic: Social Insurance
Famous quotes containing the words similarities, private and/or insurance:
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—Pamela Patrick Novotny (20th century)
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—Anna Quindlen (b. 1952)
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