Medicare VS Medicaid

While Medicare and Medicaid sound similar, the programs have different regulations and functions.

WHAT IS MEDICARE?

Medicare is a health program created for United States citizens aged 65 or older to help cover the expenses relating to medical care and treatment. The program is also available to people under 65 who have certain health conditions or disabilities.

People with end-stage renal disease who are under 65 can also apply for a Medicare policy.

Generally, eligibility for Medicare depends on the age of the applicant. Also, the applicant must be a citizen of the United States or a permanent resident to qualify. The premiums and eligibility depend on the number of years of Medicare taxes paid by the applicant. There are different parts of Medicare, each with its coverage options.

Part A covers inpatient hospital care and home healthcare services and is available without premiums to individuals who have paid up to 40 quarters of Medicare taxes while employed. People who do not qualify for premium-free Medicare Part A can still purchase the policy once they are eligible.

Medicare Part B covers outpatient care, doctor visits, medical supplies, and preventive services.

Medicare Part C is also known as Medicare Advantage. Private insurance companies offer this plan, and the government regulates it. Medicare Advantage plans provide the same benefits offered by Original Medicare (Part A and B), in addition to extra benefits, such as prescription drug coverage. Medicare Part D also offers prescription drug coverage.

WHAT IS MEDIcAid?

Medicare is a healthcare program created for United States citizens aged 65 or older to help cover the expenses relating to medical care and treatment.

The program is also available to people under 65 who have certain health conditions or disabilities. For example, people with end-stage renal disease under 65 can also apply for a Medicare policy.

Generally, eligibility for Medicare depends on the age of the applicant. Also, the applicant must be a citizen of the United States or a permanent resident to qualify.
The premiums and eligibility depend on the number of years of Medicare taxes paid by the applicant. There are different parts of Medicare, each with its coverage options.

Part A covers inpatient hospital care and home healthcare services and is available without premiums to individuals who have paid up to 40 quarters of Medicare taxes while employed. People who do not qualify for premium-free Medicare Part A can still purchase the policy once they are eligible.

Medicare Part B covers outpatient care, doctor visits, medical supplies, and preventive services.

Medicare Part C is also known as Medicare Advantage. Private insurance companies offer these policies, but they are government-regulated.

Medicare Advantage plans offer the same benefits offered by Original Medicare (Part A and B), in addition to extra benefits, such as prescription drug coverage.

Medicare Part D also offers prescription drug coverage. We are here to help you determine your eligibility for Medicare and Medicaid. Reach out to us today to learn more.