What is the difference between Medicare and Medicaid?
Medicare and Medicaid are both federal health care programs, but they are different in who is eligible to receive benefits and what those benefits include. Medicare is a health insurance program for people 65 and older as well as some disabled individuals under 65, regardless of income. Medicare covers hospital care, preventive care, doctor visits, prescription drugs, and other services. Medicaid, on the other hand, provides health insurance for low-income individuals and families, regardless of age. Medicaid covers preventive care, doctor visits, hospital care, nursing home care, home health care, and other services. Unlike Medicare, Medicaid also provides coverage for long-term care, such as personal care services. These services are not usually covered by Medicare. Additionally, while Medicare covers a portion of health care costs for those who qualify, Medicaid pays for almost all of the health care costs for those who qualify. Thus, Medicaid pays for more services than Medicare. In the state of Florida, Medicaid is administered by the state in conjunction with the federal government, while Medicare is run solely by the federal government.
Related FAQs
What is a living trust?What is an elder law advocate?
How do I create a living will?
What is a health care directive?
How can Elder Law help me plan for long-term care?
What is a probate avoidance trust?
What types of issues does Elder Law cover?
What is a durable financial power of attorney?
How can I ensure that my elderly parent’s wishes are respected?
What is a trust administration?
Related Blog Posts
Essential Questions to Ask about Elder Law - July 31, 2023Frequently Overlooked Considerations in Elder Law - August 7, 2023
Financial Benefits of Elder Law Planning - August 14, 2023
Navigating the Complexity of Long-Term Care Planning with Elder Law - August 21, 2023
The Cost of Not Planning for Elder Law - August 28, 2023