Old Age and Survivors Health Insurance (OASDHI) is also known as?

Prepare for your Florida 2-14 Life Insurance License Test. Use flashcards and multiple choice questions with hints and explanations to get ready. Boost your confidence before the exam!

Old Age and Survivors Health Insurance (OASDHI) is indeed known as Social Security. This program provides financial support to eligible individuals, including retirees, the disabled, and survivors of deceased workers. OASDHI is a crucial component of Social Security, which encompasses various benefits, including retirement benefits, survivor benefits, and disability benefits.

The term "Social Security" refers not only to the retirement benefits but also to the broader range of programs designed to provide financial assistance to individuals in various life situations. Since OASDHI specifically relates to the coverage provided under the Social Security Act, its identification with this term aligns perfectly with its function in supporting the older population, those with disabilities, and families of deceased workers through the Social Security system.

In contrast, the other options refer to different programs or aspects of insurance not synonymous with OASDHI. Medicare, for example, is a healthcare program primarily designed for individuals aged 65 and older, but it is separate from the Old Age and Survivors component of Social Security. Disability Insurance also provides benefits specifically for those who are unable to work due to a lasting disability, while Retirement Insurance is more about the income received upon retirement, again distinguishing it from the broader OASDHI program.

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