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Medicare is health insurance for persons over age 65, persons with end state renal disease and persons who receive Social Security disability payments. The individual must have 40 credits of "covered employment" (i.e., calendar quarters during which they paid into Medicare), or be the spouse or dependent of such individual. Medicare is funded by payroll taxes and administered by the Federal government.
Medicaid provides care for indigent citizens under age 18 and their parents, persons over age 65, and those permanently and totally disabled. Medicaid is supervised by the Federal government, administered by the States, and funded by State and Federal taxes. [N.b., as a result of health insurance reform, by 2014 Medicaid will be available to any indigent citizen, regardless of age or disability.]
Wiki User
∙ 12y ago
Wiki User
∙ 13y agoNo, they are quite different. The only real commonality that they have is the involvement of the Federal Government, but even at that, in varying degrees.
Medicare is essentially a health insurance program for elderly people who are or no longer can be insured by private insurers. "Premiums" are paid during the recipient's working life in the form of taxes. The program does not depend upon true actuarial calculations like a private insurance company must, but instead, current Medicare taxes from working people pay for the accruing health care expenses of current recipients.
In order to participate as a provider of medical care to a Medicare recipient, the health care provider (physician, hospital, etc.) must agree to accept the reimbursement of Medicare as full payment. Private insurers do sell "Medicare supplement policies", but these cover those expenses that Medicare does not pay, such as deductibles that are built into the system; they do not pay additional amounts to providers above and beyond the Medicare reimbursement rates.
In contrast, Medicaid is a welfare program. It pays for medical care for the poor, and is financed by taxes and general revenue. The Federal Government allows states to administer the programs, but that administration is subject to Federal guidelines.
Wiki User
∙ 14y agoMedicare is a Federally-administered health insurance program for eligible persons over 65 or disabled. Medicaid is a State-administered public assistance program for low income persons over 65, under 18 or caring for someone under 18, or disabled.
Wiki User
∙ 13y agoMedicare is health insurance for persons over age 65 and certain persons who receive Social Security disability payments, who have 40 credits of "covered employment" (i.e., calendar quarters during which they paid into Medicare). Medicare is funded by payroll taxes and administered by the Federal government.
Medicaid provides care for indigent citizens under age 18 and their parents, persons over age 65, and those permanently and totally disabled. Medicaid is supervised by the Federal government, administered by the States, and funded by State and Federal taxes. [N.b., as a result of health insurance reform, by 2014 Medicaid will be available to any indigent citizen, regardless of age or disability.]
Wiki User
∙ 13y agoMedicare is health insurance for persons over age 65 and certain persons who receive Social Security disability payments, who have 40 credits of "covered employment" (i.e., calendar quarters during which they paid into Medicare). Medicare is funded by payroll taxes and administered by the Federal government.
Medicaid provides care for indigent citizens under age 18 and their parents, persons over age 65, and those permanently and totally disabled. Medicaid is supervised by the Federal government, administered by the States, and funded by State and Federal taxes. [N.b., as a result of health insurance reform, by 2014 Medicaid will be available to any indigent citizen, regardless of age or disability.]
Wiki User
∙ 14y agoMedicare is a Federal program for People over 65 or have kidney failure or are disabled. Medicaid is a State program, primarily for people with low income. It's generally available for kids under 19 or pregnant women or people who are blind or disabled or over 65 or need nursing home care. Some people can qualify for both.
Wiki User
∙ 12y agoMedicare is a federal government program, usually for people over 65 or those with disabilities. Medicaid is a state program and varies by state. Usually Medicaid covers low income population
Wiki User
∙ 9y agoMedicare is for those that have reached the age of 65. Medicaid is for certain low-income individuals.
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What is the difference between Medicare and Medicaid in New York?
The biggest difference is that Medicare is for the elderly (age 65 or older) while Medicaid is for people with a low income (any age).
Is medicare and medicate part of department of health and human services?
Medicare and Medicaid are the responsibility of the Center for Medicare and Medicaid, which is part of DHHS. However, Medicaid is administered by the States.
Are Medicare and Medicaid private insurance groups?
Both Medicare and Medicaid are government insurance programs.
How do you bill secondary Medicaid when Medicare is with an HMO?
You submit an EOB from the Medicare HMO with your Medicaid claim.
If you are over 65 and have Medicare and medicaid is Medicare always primary?
Yes, Medicare is primary. Medicaid is always the payor of last resort.
How does the company deal with patients who also have medicaid and medicare?
Medicaid is the payor of last resort. Therefore, bill Medicare first. Bill Medicaid for any expenses Medicare didn't cover.
If you qualify for medicaid will you get back money taken out of medicare before qualification?
You are not required to pay back Medicaid or Medicare.
What does Medicare pay that Medicaid does not pay?
Medicare and Medicaid coverage is virtually identical. The two principal things to remember are: Medicaid is always the payor of last resort (i.e., bill Medicare and/or private insurance first); and, Medicare does not pay for long term custodial care, such as a nursing home (Medicaid does).
Can you get a tubal reversal on Medicare?
I have Medicare and Medicaid can I get a tubal reversal with them.
Can a medicare or Medicaid beneficary join a hmo?
Certainly altho I see no benefit for a Medicaid recipient. The HMO would be the primary insurer and Medicare secondary. Medicaid is always the payor of last resort. However, there shouldn't be any expenses for Medicare or Medicaid to pay.
Why is it important for an individual to know about medicaid and medicare?
Because if you don't you might get stuck in a situation where you you need to know medicaid/medicare
What does dual eligibility mean in regards to medicare and medicaid?
"Dual eligibility" means exactly that - eligibility for both Medicare and Medicaid.
