What is the diffence between Medicare and medicaid?

Answer 1

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.]

Answer 2

No, 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.

Answer 3

Medicare 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.

Answer 4

Medicare 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.]

Answer 5

Medicare 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.]

Answer 6

Medicare 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.

Answer 7

Medicare 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

Answer 8

Medicare is for those that have reached the age of 65. Medicaid is for certain low-income individuals.

Answer 9

Don’t know

Answer 10

H