Medicare vs Medicaid: What’s the Big Difference?
Medicare and Medicaid came into effect in the U.S. at the same time—so it’s no wonder why folks get them confused. We’ll break down the deal once and for all: Medicare vs. Medicaid: What’s the difference?
Difference between Medicare vs Medicaid
Medicare and Medicaid are government programs created to help American citizens with healthcare. But the main difference between the two revolves around two factors: income and age.
What is Medicaid?
Medicaid is a joint state/federal public assistance program designed to help limited-income citizens with medical costs. Those who qualify may include:
- Individuals requiring nursing care
- The blind and/or disabled
- Children under age 19
- Pregnant women
What is Medicare?
Do You Know Your Medicare Basics?
Medicare is a federal U.S. health insurance program designed for:
- U.S. citizens 65 years and older (no matter your income)
- Individuals with ALS and/or kidney disease
- Certain individuals with severe disabilities
Medicare is an entitlement program that most citizens become eligible for as we work and pay taxes.
Medicare and Medicaid Dual Eligibility
It is possible to be eligible for both Medicare and Medicaid. If you are over the age of 65 and have limited income or if you’re disabled and can’t work, you may qualify.
Are You Eligible For Medicare?
Eligibility for Medicaid varies by state. To see how you qualify, contact your state Medicaid program.
Medicaid will provide some benefits not covered under Medicare including personal care and nursing home care.
If you don’t qualify for both Medicare and Medicaid, you can still get financial help for your Medicare costs. See the options available to you at Medicare.gov: Get Help Paying Your Medicare Costs
A Knowledgeable Professional Can Provide More Options
We see so many unique situations for individuals as they become eligible for Medicare. Whatever your situation, a professional knowledgeable in Medicare can help.
AGA Medicare Options has an unbiased approach when it comes to our clients—we always put your needs above the sale. We’ll set you up with a local agent in your area who can inform you on many Medicare options, not just one or two. Whether you’re new to Medicare, or looking to change your yearly benefits, we promise to walk alongside you and simplify the process.