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Medicare Vs

Medicare provides health insurance for adults over 65 and people with disabilities, funded by Social Security taxes and is controlled by the federal government. It does not cover long term care. Medicaid covers low-income individuals including children, pregnant women, parents and people with disabilities, funded jointly by federal and state governments and controlled by states within federal guidelines. It was expanded under the ACA and does cover long term care.

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42 views1 page

Medicare Vs

Medicare provides health insurance for adults over 65 and people with disabilities, funded by Social Security taxes and is controlled by the federal government. It does not cover long term care. Medicaid covers low-income individuals including children, pregnant women, parents and people with disabilities, funded jointly by federal and state governments and controlled by states within federal guidelines. It was expanded under the ACA and does cover long term care.

Uploaded by

api-455513786
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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MEDICARE VS.

MEDICAID

MEDICARE
- Population: For adults ages 65 or older, &
persons with certain life-long disabilities

- Funded by: Social Security payroll tax,


premiums, & general revenue

- Source of Control: Federal Government

- ACA Changes: Higher deductions from


paycheck for persons with higher incomes

- Pays for Long Term Care?: NO

MEDICAID
- Population: individuals eligible by income for
children, pregnant women, parents, & those with
disabilities

- Funded by: Federal March of State Funds (FMAP)

- Source of Control: State Government with


federal guidelines

- ACA Changes: For states participating, anyone


up to 133% FPL (federal poverty level) will be
eligible for coverage

- Pays for Long Term Care: YES

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