What federally sponsored program is administered under the Social Security Act?

Medicare is the federally sponsored program that is administered under the Social Security Act. It was established to provide health care coverage primarily for individuals aged 65 and older, although it also serves certain younger individuals with disabilities and those with End-Stage Renal Disease. It encompasses a variety of healthcare services, including hospital insurance (Part A), medical insurance (Part B), and prescription drug coverage (Part D).

The significance of Medicare under the Social Security Act lies in its funding and regulatory framework, which is structured through the Social Security Administration. This integration ensures that individuals eligible for Social Security benefits are also able to access Medicare, highlighting its role as a safety net for American citizens.

While other options also pertain to healthcare and social support, they are not directly administered under the Social Security Act. For instance, Medicaid is a program that provides insurance for low-income individuals and is often administered at the state level. Veterans’ Health Benefits, on the other hand, serve veterans through the Department of Veterans Affairs, separate from Social Security. Social Security Disability Insurance provides income support but does not encompass healthcare benefits in the same way that Medicare does.