Medicare vs. Medicaid
While most people have heard of Medicare and Medicaid, many don’t know the distinct differences between the two programs. Generally speaking, Medicare and Medicaid serve different groups, cover different services, and have different costs. Lacayo Group Insurance will explain these differences further.
Medicare vs. Medicaid: Who Participates?
Medicare is the federal health insurance program for people 65 and over, and under 65 with specific disabilities. Your income doesn’t impact your eligibility, but your age does.
Medicaid provides healthcare benefits for low-income folks. With your state Medicaid program, your age doesn’t impact your eligibility.
Some people are known as dual-eligibles because they qualify for Medicare and Medicaid. In this scenario, Medicare will be the primary insurance and Medicaid will be secondary. Medicare and Medicaid will collaborate to give you more healthcare benefits while also lowering your costs.