Although the similarity of their names can be confusing, and despite the fact that the health benefits are similar, Medicaid and Medicare are two different programs. The main difference is the eligibility of participants and the way they manage and pay for the services they offer.
Medicaid helps pay medical costs for individuals and families with low incomes, including young workers, children and pregnant women. It is a state-federal program set, that is, each state operates and finances its own system but should follow certain guidelines of the federal government.
What Is Medicare: Medicare, meanwhile, covers people over 65 and is managed and fully funded by the federal government with the taxes they pay workers for their wages. This program also covers people of any age who are permanently disabled or have end-stage renal disease.
Features of Medicare: Medicare can be a very good option for many people as long as their circumstances allow it. We are now going to discuss some of the various requirements for medicare as well as some its best known features.
It covers people over 65, regardless of income.
People under 65 who suffer from permanent disabilities.
Patients with severe kidney disease, requiring dialysis or a kidney transplant.
This program is divided into several parts with different premiums.
Part A covers hospital bills
Part B covers health insurance
Part C covers the benefits of Parts A and B
Part D covers prescription drugs.
It is funded and managed entirely by the government of the United States and operates at the federal level.
People sign up at their local Social Security office
Features of Medicaid
Medicaid is another option that is available, it is similar to Medicare but this service is more geared for normal people that may not be able to afford other medical insurance options, we are now going to discuss some of the features and requirements of Medicaid.
It covers individuals and low-income families, pregnant women and children under 19 years
It also covers people over 65, people with disabilities, parents with children and adults without children
No federal laws, but the federal government contributes, it is managed and administered by each state
The rules for coverage vary by state, as well as the services available. Some states, for example, provide dental service while others do not
To register contact the state Medicaid office to see if you qualify
What Medicare Features Are Available If I Have Medicaid?
Medicare is often the most sought after form of medical insurance because it provides a gurantee of certain services from the federal government, this is something that is worth considering if you have medicaid but you are looking for more coverage.
Accessing Medicare With Medicaid:You can access any of the features from medicaid as long as you meet those requirements, this is nice because it allows you to have the ultimate coverage so you do not have to worry about anything, this can be very helpful because it allows you to also know that you are protected by the federal laws that are in place and that the state cannot change the laws on you.