Understanding the Differences Between Medicare and Medicaid

Medicare is a federally funded health insurance program for people aged 65 and over, as well as those with certain disabilities or chronic conditions. It has four parts that cover different services: Part A (hospital insurance), Part B (medical insurance), Part C (Medicare Advantage), and Part D (prescription drug coverage).

Medicaid is a joint federal and state program that provides health insurance to people with low income, as well as certain other groups such as pregnant women, children, and those with disabilities. It covers a wide range of health services, such as doctor visits, hospital stays, and long-term care.

People aged 65 and over, as well as those with certain disabilities or chronic conditions, are eligible for Medicare. Some people may be eligible for Medicare before age 65 if they have certain disabilities or end-stage renal disease.

Eligibility for Medicaid varies by state, but generally, people with low income are eligible. Certain groups, such as pregnant women, children, and those with disabilities, may also be eligible. Some states have expanded Medicaid to cover more people under the Affordable Care Act.

Medicare covers a wide range of services, including hospital stays, doctor visits, preventive care, and prescription drugs. The specific services covered depend on the part of Medicare you have.

Medicaid covers a wide range of services, including doctor visits, hospital stays, long-term care, and prescription drugs. The specific services covered vary by state, but all states must cover certain mandatory services such as hospital stays and doctor visits.

Medicare is funded through payroll taxes, premiums paid by beneficiaries, and general revenue. Medicaid is funded jointly by the federal government and individual states, with the federal government matching a portion of each state’s spending on the program.

Yes, some people are eligible for both Medicare and Medicaid. These individuals are referred to as “dual eligibles” and have their health care costs covered by both programs.