Lets discuss the difference between Medicaid and Medicare!

As we age, we're faced with a lot of important decisions, particularly when it comes to healthcare. Two of the most critical healthcare programs for seniors are Medicaid and Medicare. While these programs can be easily confused, it's essential to understand their differences.

The most significant difference between Medicaid and Medicare is who they serve. Medicaid is a needs-based program that helps people with low income and limited resources. It covers a wide range of medical services, from doctor's visits to hospital stays and long-term care and nursing home expenses. On the other hand, Medicare is an entitlement program that serves people over 65 or those with specific disabilities. It covers various medical services, such as hospital stays, doctor's visits, prescription drugs, and more.

It's important to note that while Medicaid and Medicare are separate programs, they can work together to provide comprehensive healthcare coverage for those needing it. For example, some people may be eligible for both programs, which can help cover the costs of medical services that aren't fully covered by one or the other.

In summary, while Medicaid and Medicare are important healthcare programs, they serve different populations and are funded differently. By understanding the differences between these programs, you can make informed decisions about your healthcare needs and ensure you get the coverage you need.

If you are applying for Medicaid, call us today to discuss qualifying for Medicaid and protecting your assets from Medicaid recovery.