The Differences Between Medicare and Medicaid
Numerous people wonder what's the difference between Medicare and Medicaid. Medicare is a health insurance program that helps older people in the United States pay for health care services. It is funded and regulated by the federal government, which provides details of the program at www.medicare.gov. In 2020, about 62 million people had Medicare coverage. Of these, 86% were aged 65 or older. Medicare also covers health care costs for younger people with disabilities.
Medicaid is a federal government health insurance program provided to specific categories of Americans based on their income. Other aspects defining eligibility for Medicaid include the value of the insured's property, disability, pregnancy, and others.
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