Medicare vs. Medicaid

Health insurance is one of the most important things to have. If you’ve received medical care in the past, then you understand how expensive it can be. Getting the right medical insurance policy is important to make sure that you don’t get financially overwhelmed. Having health insurance means that you’ll have access to medical care without having to pay entirely for it out-of-pocket.

 

There are multiple different types of health insurance options. Medicare and Medicaid are two of the options for health insurance within the U.S.

 

The primary difference between Medicare and Medicaid is the groups of people that they’re intended for. Medicare is primarily intended for seniors, while Medicaid is mostly meant for those in low-income brackets. Many people find that these health insurance options are affordable and the right choice for them and their families. If you’re still unsure about if these policies could be right for you, feel free to make an appointment today and we can start the discussion about the right type of health insurance for you.

Medicare

Medicare1 was primarily made for those that are in retirement. Retirement typically means losing employer health insurance, which can be devastating. It’s important to have health insurance and find the right alternative once you’ve lost your employer’s coverage.

 

There are different Medicare options and individuals can choose the one that works best for them. Many people are automatically enrolled in Medicare around the time that they turn 65.

Medicaid

Medicaid2 is intended for those that would not otherwise be able to afford health insurance. These groups of people can include:

  • Pregnant women
  • Elderly people
  • Low-income adults
  • People with disabilities
  • Children

 

There are different Medicaid options and it is possible to simultaneously enroll in both Medicaid and Medicare.

Do You Have the Right Health Insurance?

Are you interested in learning more about Medicare and Medicaid? We can provide you with some more information and make sure that you have answers to your questions. We understand that it can be overwhelming to find the right health insurance options for you, so let us help. 

 

Feel free to book an appointment today so that we can start talking about if Medicare or Medicaid could be the right choice for you. We look forward to hearing from you and partnering for some of your insurance decisions.

 

 

Disclosure: Our firm is not permitted to offer and no statement made during this presentation shall constitute tax or legal advice. Our firm is not affiliated with or endorsed by the U.S. Government or any governmental agency.

 

1 https://www.medicare.gov/Pubs/pdf/11306-Medicare-Medicaid.pdf

2 https://www.medicaid.gov/medicaid/index.html

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We are here to help you understand your costs and coverage with Medicare. If you have other questions about Original Medicare, reach out to us today and we will provide you with the answers you need!

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