Insurance Programs for Social Workers

Dec. 24, 2010 - PRLog -- There are several different countries, where social insurance programs may resemble private insurance in that the required contribution levels reflect different risk levels. For example, contributions made during unemployment insurance programs for employers with low layoff and discharge rates can be less intimidating than for those who have with higher rates.

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Social worker insurance, nevertheless, varies significantly from all the other forms of public aid. Social insurance systems tend are usually self-financing, also with contributions, which are placed in specific funds for that objective. The payment of benefits is based not on need but usually on contributions which are made and so the necessity for the test of means is completely removed. Advantages become a right, and all stigmas, which are attached to receiving public funds is reduced.

It must be noted that, formal social security arrangements, in the context of wide spread informal economy, are almost always absent for the vast majority of the working population. On the other hand, the state’s capacity to reach the vast majority of the poor people in developing countries may be limited because of country’s limited resources. Considering this, multiple agencies that could provide for social protection is important for policy consideration. The framework of social protection is therefore capable of perserving the state responsible to provide for the most unwealthy sections by regulating non-state agencies.

This large framework actually makes this concept even more acceptable in developing countries which have the concept of social security. Social security as a concept is more applicable in the conditions, when large amounts of citizens depend for their livelihood on the formal economy. With a help of a defined contribution, this social security may be completed.

‘Instrumentalists’ arguement is that extreme poverty, vulnerability and inequality, are dysfunctional in the achievement of development targets (e.g. the MDGs). If we are looking from this point of view, social protection is all about putting risk management mechanisms that will compensate for missing or incomplete insurance (and other) markets in place, until a time when private insurance could play a more important role in this society.