senior couple with insurance agent

While their names may sound alike, Medicare and Medicaid are two different programs. Both are government programs that can help you pay for healthcare and medical expenses, but that’s about all they have in common.

Medicare is a federal insurance program for people who are 65 years or older, and for some people with disabilities. Medicaid, on the other hand, is a joint federal and state program that helps people with limited resources pay for their healthcare.

What do these programs cover?

Original Medicare comes in two parts: Medicare Part A and Medicare Part B.

Private carriers also offer Medicare Part C plans, also known as Medicare Advantage Plans, which offer all the benefits covered under Original Medicare (parts A & B) and more, such as selecting from HMOs, PPOs and Medicare Medical Savings Account (MSA) Plans.

You have the option to purchase a standalone Medicare Part D, also known as a Prescription Drug Plan, or include one in your Part C Medicare Advantage Plan.

Talk to a licensed representative before selecting a Medicare Advantage Plan to make sure you get the right coverage for you. Our licensed agents help you compare the cost of plans, review current benefits and get help with enrollment all across the U.S.

On the other hand, Medicaid provides health coverage for some low-income adults, children, pregnant women, elderly adults and people with disabilities. The benefits vary from state to state, but can include:

Mandatory Medicaid benefits include:

Check your state Medicaid profile here for more information on eligibility, enrolling and quality of care.

Is is possible to qualify for both Medicare and Medicaid?

Yes, it’s possible to be eligible for both Medicare and Medicaid, (known as “dual eligibility”) and they will work together to provide coverage at a very low cost. The program is funded jointly by states and the federal government.

If you think you may qualify for Medicaid in addition to your Medicare coverage, or have questions about your potential coverage in general, contact an agent specializing in Medicare today.

Trusted Medicare Answers works to educate seniors on the different benefits that Medicare offers & the advantages of allowing one of our licensed representatives to navigate the system for you. Get a free Medicare plan review today.

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– Rosamaria Marrujo, President and CEO

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