What type of insurance does the federal government primarily provide?

The federal government primarily provides life and health insurance through programs such as Medicare, Medicaid, and the Affordable Care Act (ACA). These programs are designed to ensure that citizens have access to essential healthcare services and financial protection against high medical costs.

Medicare offers health coverage for individuals aged 65 and older, as well as for some younger people with disabilities. Medicaid, on the other hand, provides health coverage to low-income individuals and families. The ACA has expanded access to healthcare by offering health insurance subsidies and establishing health insurance marketplaces.

While the government does have programs related to property and casualty insurance, such as flood insurance through the National Flood Insurance Program, these are not the primary focus. Similarly, the government does not provide retirement insurance directly, though it administers Social Security, which serves as a form of income in retirement rather than an insurance product. Auto insurance is typically provided by private insurers and not the federal government. Therefore, life and health insurance is the correct answer, reflecting the government’s significant role in ensuring public health and welfare regarding medical care and coverage.