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

Old Age and Survivors Health Insurance (OASDHI) is commonly known as Social Security because it is part of the broader Social Security program. Established by the Social Security Act of 1935, OASDHI consists of several components, including retirement benefits for the elderly, survivor benefits for the families of deceased workers, and disability insurance. Collectively, these benefits are designed to provide financial security for individuals and families during times of hardship, particularly in old age or upon the death of a primary breadwinner.

In the context of the other options, Medicare is specifically a health insurance program geared towards individuals aged 65 and older and does not encompass the broader set of benefits provided under OASDHI. Unemployment insurance provides temporary financial assistance to those who have lost their jobs but is not related to old age or survivors' benefits. Disability insurance, while offering income support for those unable to work due to disability, is also a distinct program and does not include the full scope of services provided by Social Security. Thus, referring to OASDHI as Social Security accurately captures its role and significance within the framework of American social insurance programs.