How does Medicaid differ from Medicare?

Medicaid primarily serves low-income individuals and families, providing them with essential health benefits based on financial need. It was designed to assist those who find themselves in challenging financial situations, ensuring that they have access to medical care. This includes coverage for a broad range of services such as hospital visits, long-term care, and preventive care, tailored to help vulnerable populations.

In contrast, Medicare is mainly designed for seniors aged 65 and older, although it also covers certain younger individuals with disabilities or specific health conditions. This program is structured to provide healthcare for older adults as they retire and age, who may require different types of medical services compared to younger populations.

The other options do not accurately represent the distinctions between these two programs. For instance, Medicaid is not exclusively state or federal; it is a partnership program with both levels of government contributing funds. Additionally, Medicaid does not limit its coverage to mental health services, nor does Medicare restrict itself to physical health services. Regarding premiums, while some Medicare plans may have premiums, Medicaid typically does not charge premiums for those who qualify based on income, especially for low-income beneficiaries.