Two programs exist in order to help seniors with their medical bills: Medicare and Medicaid. Unfortunately the two are often confused for each other. Some people even think that they are the same program. This couldn’t be further from the truth. There are very distinct differences between the two, including what you may or may not qualify for. It is very important to know the difference between them.
What is Medicare?
The short answer is that Medicare is health insurance for seniors. It operates just like any other private insurance would. A card is provided to the participants. That card is presented every time medical services are rendered to that individual. The big difference is that instead of a private company providing the benefits, they are provided by the federal government. Medicare is there to cover every day health costs like visits to your doctor, hospital visits, short term illnesses, injuries and even physical therapy or other forms of rehabilitation. Every person in the US who retires is eligible for Medicare as it is part of their retirement benefits under the Social Security program.
What is Medicaid?
Medicaid is a program run by the federal government, states and even local governments. It is a there to cover medical services for those who are in need of financial assistance. This includes anyone, not just seniors. Medicaid covers long term care, custodial care and other forms of care that would be considered “activities of daily life.” This is very different than what Medicare covers. Medicaid is a needs based program. That means that not everyone is eligible for the benefits. In order to qualify, applicants must demonstrate a need.
For assistance in applying for Medicare or Medicaid benefits contact Stano Law group today.