What is Medicaid?
Medicaid is health insurance that helps many people who can’t afford medical care pay for some or all of their medical bills. Medicaid is available only to people with limited income. You must meet certain requirements in order to be eligible for Medicaid.
Medicare and Medicaid are two different programs. Medicaid is a state-run program providing hospital and medical coverage for low-income residents, and each state has its own eligibility rules and coverage benefits. Some people qualify for both programs. Information about the Medicaid program is available from local medical assistance agencies, social services or welfare offices.
You must qualify for Medicaid. Low-income is only one test for Medicaid eligibility; assets and resources are also tested against established thresholds. As noted earlier, categorically needy persons who are eligible for Medicaid may or may not also receive cash assistance from the Temporary Assistance for Needy Families (TANF) program or from the Supplemental Security Income (SSI) program. Medically needy persons who would be categorically eligible except for income or assets may become eligible for Medicaid solely because of excessive medical expenses.
Medicaid pays for hospital, doctor, prescriptions, nursing home and other healthcare needs.
The pile of paperwork required and an often inefficient government processing system can make filing an application for public benefits an enormous project. Although the federal government shares the cost of funding the Medicaid program with the states and requires the state government to uphold certain standards with respect to efficiency and the granting of Medicaid applications, it is not uncommon for a state or county office to fail to meet the federally imposed guidelines.
HealthCare Insurance helps you pay for care:
Did you know the average cost of a three day hospital stay is $35,000? Or did you know that fixing a broken leg can cost up to $8,500? Having health coverage can help protect you from high, unexpected costs like these.
Your insurance policy/summary of benefits and coverage will show what types of care, treatments, and services your plan covers, including how much the insurance company will pay for different treatments in different situations.
Medicaid Coverage may start retroactive to any or all of the 3 months prior to application, if the individual would have been eligible during the retroactive period. Coverage generally stops at the end of the month in which a person’s circumstances change. Most States have additional “State-only” programs to provide medical assistance for specified poor persons who do not qualify for the Medicaid program. No Federal funds are provided for State-only programs.
Medigap Plans 2020 – Medigap Health Insurance Quotes (free)
Medicare was never designed to pay ALL of your medical bills. But on this site you can take advantage of special Medicare supplement plans – Medigap Plans – that give you solid protection against high medical bills. While protecting your freedom to choose your MD.