personal finacne project 2

personal finacne project 2

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  • Purpose of disability insurance is to provide income and help to people with disabilities; unemployment insurance is to provide income for ones who lost their job while looking for a new one And purpose of medicaid is to provide insurance and medical care for low income families.
  • Each of these government programs provide income/insurance help for people who are in need to help them get back on their feet from tragedies,
  • The qualifications for disability insurance is you have to have a disability that prohibits you from work, for unemployment insurance you have to of been laid off from your job that wasn't your fault & for medicaid low-income people, families and children, pregnant women, the elderly, and people with disabilities
  • The smith family are in need for disability insurance because their father has a heart condition that prevents him from working and the medical bills are too much for Sarah when she just got laid off from her job so they are in need for unemployment insurance and medicaid.
  • Sarah will soon be able to find a job that pays her enough to support her family and pay for the medical bills and John will be able to get the surgeries he need and soon be able to start working again.
  • And now the Smith family are able to support themselves and do things they have always wanted.
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