Briefly Explain the Difference Between the Medicare and Medicaid Programs

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The Answer is Medicare is healthcare insurance for disabled individuals,seniors 65 years of age and older,and any age person with end-stage renal disease (ESRD).It is federally controlled with uniform application across the country.To be eligible for Medicare,an individual must have contributed to the Medicare system (deductions from wages).Medicare pays for primary hospital care and related medically necessary physician services.There may be a copay provision,depending on the services received.
Medicaid is a needs-based healthcare program.Individuals must meet income and financial limitations to be eligible for certain programs.It pays for long-term care for qualifying individuals.Medicaid requires mandatory contribution of all the recipient's income in certain programs.Individual state-by-state plan options create a different program in each state.(They are generally similar but may be different in specific applications.)

Briefly Explain the Difference Between the Medicare and Medicaid Programs

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Briefly Explain the Difference Between the Medicare and Medicaid Programs

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Correct Answer:
Verified