The difference between Medicare and Medicaid
Our clients are often confused between the differences of Medicaid and Medicare. They do not know what they offer or how navigate through the two systems. CarePlanners has been a great resource in helping our clients navigate through the health care system. They have been an affordable wealth of knowledge for patients and families. We utilize them as a “project manager” to educate and go directly to the source for all of our Health care needs. For additional information join them in a free webinar tomorrow at 3:00pm. See below…….
As open enrollment for Medicare starts today, it can be confusing to understand the difference between Medicare and Medicaid. This brief guide will shed some light on the issue. For more information on the difference between Medicare and Medicaid, please join us for a Webinar this Friday at 3:00 PM!
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Medicaid |
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Medicare |
| What is it? |
Government healthcare assistance program |
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Government healthcare insurance program |
| Who is it for? |
Low income individuals and families. |
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People over 65, and people under 65 with certain disabilities. |
| What type of program? |
Federal- state program |
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Federal program |
| Where is it offered? |
Medicare is a federal-state program and varies from state to state |
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Medicare is national federal program and is consistent across the country |
| Am I eligible? |
Criteria varies from state to state. To be eligible for Medicaid, you must have less than $1000 in liquid assets. The income restrictions vary . |
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You are eligible for Medicare if you are above the age of 65 and paid taxes into the Social Security fund. |
| What is covered? |
Medicaid covers more than Medicare. Coverage includes: hospitalization, x-rays, lab services, and more. |
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Medicare is segmented into parts. Part A covers hospital care, Part B covers medical insurance, and Part D covers prescription drugs. |
| How does the coverage vary? |
Medicaid coverage can vary from state to state |
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Medicare coverage is uniform throughout the country |
| What do I have to pay out-of-pocket? |
Payment varies from state-to-state. Depending on where you are, you might pay a monthly fee or a small fee (called a co-payment) for medical services. |
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Deductibles and co-payments are required on some services provided. |
| How is this program funded? |
50% state and 50% federal |
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100% federal |
| When did this program start? |
1965 |
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1965 |
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Provided by CarePlanners.
By providing tools and resources to a national network of healthcare experts (“Careplanners”), CarePlanners helps patients and caregivers navigate, coordinate and organize specific and ongoing experiences with the healthcare system. Find out how CarePlanners can help you by calling 1.800.989.3588 or visit our website at www.careplanners.com.
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