What Are Medicaid and Medicare Savings Programs?

If you are a low-income earner, you can rely on Medicaid for health insurance benefits. Contrary to popular opinion, Medicaid is not the same as Medicare. Medicare offers health insurance benefits to people with disabilities and people older than 64 years. People with access to Medicare can also get Medicaid. But they must be qualified according to their state’s rules. The Medicare Savings Programs are a certain plan in Medicaid that helps people pay for specific Medicare costs.

What is Medicaid?

Medicaid is a health insurance scheme operated by states. It is a program that helps low-income earners pay for a wide variety of medical services. Every state in the United States has its Medicaid scheme. So individuals can qualify based on state rules. Examples of medical services include x-rays [1], family planning services, home health, lab tests, inpatient and outpatient hospital services, doctor visits, home health, nurse practitioner services, and nurse facility services. Medicare also offers the Medicare Savings Programs funded by the federal government.