Both Medicare and Medicaid are government-sponsored initiatives, but they operate independently. These services are administered and funded by various government agencies, and they primarily benefit various sectors of the population.
- Medicare offers health insurance to people aged 65 and up or those under 65 who have a disability, regardless of their ability to pay.
- Medicaid is a joint federal and state initiative to assist low-income people in obtaining health insurance.
It is possible to receive both Medicare and Medicaid if you qualify as a “dual eligible.” They’ll coordinate to bring down your healthcare costs and provide you with coverage.
Additionally, while both Medicare and Medicaid are government-run health insurance programs, they differ in the services they cover and the amounts of money patients are expected to contribute. If you are dual-eligible, it is imperative that you call 1-800-MEDICARE or visit your local Medicaid office to learn more about Medicare and Medicaid costs and coverage.
