What’s The Difference Between Medicare and Medicaid?
The similarity between these two programs ends with the similar names. Medicaid and Medicare are entirely different. As discussed throughout this site, Medicare is insurance. So what is Medicaid?
What is Medicaid?
Medicaid provides health coverage for lower-income people, families and children, the elderly, and people with disabilities. Run and administered by the states, the eligibility rules for Medicaid are different for each state. Most states offer coverage for adults with children at some income level. In addition, beginning in 2014, most adults under age 65 with individual incomes up to about $15,000 per year will qualify for Medicaid in every state.