Medicare vs. Medicaid Comparison Chart
Medicare vs. Medicaid Comparison Chart
Outlined below are further differences between Medicaid and Medicare.
| Medicare | Medicaid | |
|---|---|---|
| What is it? |
A federal health insurance program for people who are:
|
A joint federal and state program that helps pay health care costs for certain people and families with limited income and resources. Different programs under the Medicaid umbrella are designed to help specific populations. |
| Who governs it? | Federal government | State governments |
| What does it cover? |
Depends on the coverage you choose and may include:
Note: Medicare Advantage plans (Part C) combine Part A and Part B coverage, and often include drug coverage (Part D) as well – all in one plan. |
Each state creates its own Medicaid programs, following federal guidelines. There are mandatory benefits and optional benefits. Mandatory benefits include, in part:
|
| What does it cost? | It depends on the coverage you choose. Costs may include premiums, deductibles, copays and coinsurance. | It depends on your income and the rules in your state. Costs may include premiums, deductibles, copays and coinsurance. Certain groups are exempt from most out-of-pocket costs. |
| How do I get it? | Many people are enrolled in Parts A and B automatically when they turn 65. You can also contact your local Social Security office to see if you are eligible. | Eligibility depends on the rules in your state. Call your State Medical Assistance (Medicaid) office to see if you qualify. |