Medicare vs. Medicaid: Understanding the Differences
SENIOR LIVING GUIDE
9/22/20251 min read
Medicare vs. Medicaid: Understanding the Differences
Navigating the healthcare system can be challenging, especially when it comes to understanding the differences between Medicare and Medicaid. Both are essential programs for seniors, but they serve different purposes.
Medicare:
Eligibility: Primarily for individuals 65 and older, but also for some younger people with disabilities.
Coverage: Divided into Parts A (hospital insurance), B (medical insurance), C (Medicare Advantage Plans), and D (prescription drug coverage).
Cost: Typically involves premiums, deductibles, and co-pays. Some costs may be covered by supplemental insurance.
Medicaid:
Eligibility: Based on income and financial resources. Available to low-income individuals, including seniors.
Coverage: Comprehensive, including long-term care, which Medicare does not cover extensively.
Cost: Minimal to no cost for beneficiaries. Funded jointly by state and federal governments.
Understanding these differences can help seniors and their families make informed decisions about healthcare options and coverage.
By Aging Families Senior Placement Team
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