Skip to content

Medicare vs. Medicaid

December 2, 2018

From the U.S. News & World Report website

Health insurance is mandatory under the Affordable Care Act, but not everyone has a job that offers health care benefits. Those who are not eligible for employer-based insurance or who don’t earn enough to buy an individual policy may be able to find coverage through one of two government programs: Medicare and Medicaid.

Each program targets different populations and offers unique perks for beneficiaries. While there are many differences between Medicare and Medicaid, what the programs do share is a reputation for being complex.

“I understand why people get confused,” says Fran Soistman, executive vice president and head of government services for the health insurer Aetna. The programs have been expanded and enhanced throughout the years and while those changes were all made with good intentions, they have created a long list of regulations that can be difficult for consumers to understand, Soistman says.

With that in mind, here’s a primer on the key differences between Medicare and Medicaid and a rundown of how each health insurance program works.

From → Benefits

Comments are closed.