Medicare and Medicaid are two government-run health insurance programs that offer assistance to those who cannot afford health care. Though they both offer similar benefits, there are some key differences between the two programs. Let’s take a closer look at Medicare and Medicaid, and explore which program might be right for you.
Medicare is a federally-funded health insurance program for those over the age of 65. It offers coverage for hospital stays, doctor visits, prescription drugs, and other medical expenses.
Medicaid is a state-run health insurance program that offers coverage for hospital stays, doctor visits, prescription drugs, and other medical expenses. It is available to low-income individuals and families, as well as those with disabilities. So which program is right for you? Here are a few things to consider:
• Medicare is available to those over the age of 65, while Medicaid is available to low-income individuals and families of all ages.
• Medicare covers more services than Medicaid. Medicaid covers doctor visits, hospital stays, and prescription drugs, while Medicare also covers dental care, vision care, and home health care.
• Medicare premiums are often higher than Medicaid premiums.
• Medicare has a yearly deductible, while Medicaid does not.
If you’re trying to decide between Medicare and Medicaid, consider your age, income, and health care needs. If you’re over the age of 65 and have a limited income, Medicare might be the right choice for you. If you’re under the age of 65 and have a low income, Medicaid might be the right choice for you. If you have a disability, you might be eligible for both programs. Talk to your doctor or a health insurance agent to see which program is right for you.