What is the difference between Medicare and Medicaid?

Published On: 02/07/2018

What is the difference betweenMedicare is a health insurance program operated by the federal government that is funded from of Social Security payroll deductions and tax contributions.  Anyone 65 or older who has made Social Security contributions is entitled to Medicare benefits.

In addition to providing a medical insurance program to senior citizens, Medicare also provides beneifts for individuals under the age of 65 who have disabilities and have been eligible for Social Security disability benefits for at least two years.  

In contrast, Medicaid is a need-based program that is funded jointly with funds from both the states and the federal government.  It is designed to help pay for medical care for people receiving public assistance benefits and individuals who need home care or nursing home care. While Medicaid recipients can receive also Medicare benefits, the Medicaid program is not related to the Medicare program. 

We are experienced in all areas of estate planning including long term care and Medicaid planning. Contact us today to discuss how we can help you with you elder law needs.

To learn more or get started on your estate plan, just schedule a time to visit us for a no obligation complimentary consultation.

Schedule Free Consultation
Post Author

Britt Stouffer

Britt L. Stouffer is a Maryland attorney experienced in Estates, Trusts, and Elder Law. With over 10 years of experience in Estates and Trusts, she has learned to appreciate how unique each client truly is. On a typical day, you will find her working on Wills, Revocable Living Trusts, Powers of Attorney, Advance Medical Directives, Tax Planning cases, Estate Administration filings, Petitions for Guardianships, Special Needs Planning, and Asset Protection.

658 Kenilworth Dr., Ste. 203, Towson, MD 21204

Subscribe to our mailing list

* indicates required