The primary difference between Medicare and Medicaid is the reason for which it is offered. Medicare is available to those 65 and older or suffering from End-Stage Renal Disease (ESRD), Lou Gehrig’s Disease, etc. Medicaid, on the other hand, is based on financial need. Medicare, then, is targeted towards the elderly population, while Medicaid is directed towards those in financial need.
You may, then, be eligible for both Medicare and Medicaid at the same time. Because Medicaid is offered through both the federal and state government, some basic costs, application requirements, and coverage options may vary.
The Medicare vs. Medicaid requirements are, on a base level, dependent on financial need. Eligibility is centered around the Federal poverty level. Assets and medical needs might alter your coverage amount and variability, so be sure to speak with your plan to understand what is available to you.
If you meet the base financial requirements, you are eligible for Medicaid if:
If you are 65 or older and are financially eligible for Medicaid, you have the option to be covered by both plans. This is called “dual-eligibility.”
To find out if you are dually-eligible, speak with your plan and consider whether or not you fall within the Federal Poverty Level (FPL).
Your healthcare needs shouldn’t have to be a burden. If you are in need of affordable Medicare coverage to compliment Medicaid, Medicare Max USA’s team of certified experts will help find the plan that’s right for you. Want to learn more? Call 833-762-9669.