What is the difference between Medicare and Medicaid? Medicaid is an assistance program that provides for low-income, low asset people regardless of age. Typically, the patient does not pay the cost of covered medical expenses, although a small co-payment may sometimes be required. Coverage may vary from state to state.
Medicare is an insurance program primarily serving people age 65 and older (premiums are paid through payroll tax deductions while working). Coverage is provided regardless of income, and typically the patient pays a part of the costs of care. Coverage is the same in all states.
The impact of both of these programs should be discussed with an Elderlaw attorney.
-Attorney Jack N. Alpern
Latest posts by Jack N. Alpern, Estate Planning Attorney (see all)
- The Inflation Reduction Act - September 13, 2022
- How Do I Trust Thee…Part II - July 1, 2022
- How Do I Trust Thee…Part I - July 1, 2022