Medicare and Medicaid - Health Insurance, Coverage, Eligibility

Medicare and Medicaid

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Barack Obama signing the Patient Protection and Affordable Care Act

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Medicare and Medicaid summary

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Medicaid is a health insurance program established for low-income persons under age 65 and persons over that age who have exhausted their Medicare benefits. The program is jointly funded by the federal government and the states. To participate in the plan, states are required to offer Medicaid to all persons on public assistance. Aside from this, and within broad federal guidelines, the individual states determine the eligibility guidelines for enrollment in their own programs, with Medicaid generally offered to persons whose incomes and assets fall below a certain level. The federal government pays the states 50 to about 80 percent ...(100 of 1142 words)

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