What is the difference between Medicare and Medicaid?

Medicare and Medicaid are both government health insurance programs, but they vary in their coverage and who is eligible. Medicare is a federal health insurance program designed to provide healthcare coverage for people 65 and older, as well as those with certain disabilities. It is funded through a combination of payroll taxes, premiums, and other funds from the U.S. Treasury. Medicare covers hospital, medical, and prescription drug expenses. Medicaid, on the other hand, is a state-funded health insurance program designed to provide healthcare coverage for lower-income individuals and families. It is largely funded by both state and federal funds, but state governments have the authority to set their own eligibility criteria and benefits. Medicaid covers medical, dental, and mental health services, as well as long-term care. Unlike Medicare, Medicaid covers some expenses that are not usually covered by Medicare, such as personal care and nursing home care. In South Carolina, Elder Law covers legal issues specific to the elderly, such as Social Security, Medicare, Medicaid, disability claims, long-term care planning, guardianship, and estate planning. Elder Law attorneys are specially trained to help clients navigate the complexities of these legal issues.

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What is the difference between Medicare and Medicaid?

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