Difference Between Medicare and Medicaid - PowerPoint PPT Presentation

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Difference Between Medicare and Medicaid

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Medicaid and Medicare are U.S. government-sponsored health programs designed for American citizens to help them cover their healthcare costs. Established in the year 1965, these two taxpayer-funded health insurance programs sound quite similar, which may confuse many people about how they both work and what coverage these programs offer. – PowerPoint PPT presentation

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Title: Difference Between Medicare and Medicaid


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Difference Between Medicare and Medicaid
Texas Medicare Solutions
https//txmedsolutions.com/
2
Medicaid and Medicare are U.S. government-sponsore
d health programs designed for American citizens
to help them cover their healthcare costs.
Established in the year 1965, these two taxpayer-
funded health insurance programs sound quite
similar, which may confuse many people about how
they both work and what coverage these programs
offer. Lets begin by understanding each of
them, individually.
3
What is Medicare?
Medicare is a federal-run health insurance
program for people aged 65 years or older, as
well as for some younger people with specific
conditions and disabilities like end-stage renal
disease (ESRD). Individuals who have Medicare may
also be eligible to obtain additional health
insurance, such as via their employers or a
private health insurance plan.
4
What is Medicare?
Part A Covers inpatient hospital care, hospice ca
re, nursing facility care, and home health
care. Part B Covers both preventive services and
medically necessary services. Part C Covers all
the benefits covered under Part A and Part B. It
is popularly known as Medicare Advantage plans in
Texas and other US states and can be purchased
from a private insurance company. Part D Covers p
rescription drugs, both brand-name and generic med
icines, based on a plans specific guidelines.
5
When individuals attain 65 years of age, they
have a special enrollment period with no late
penalties. People below 65 years of age may
qualify for Original Medicare if they have
obtained Social Security disability benefits for
at least two years, or have amyotrophic lateral
sclerosis (ALS) or ESRD. Also, people with ESRD
become eligible for Medicare three months after a
kidney transplant or when the course of regular
dialysis starts. A person with ALS may become
eligible for Medicare as soon as he/she starts
receiving Social Security disability benefits.
6
Contact Us
https//txmedsolutions.com/ info_at_txmedsolutions.co
m 210-908-6565 Office 210-878-4019 Fax 6502
Bandera Rd Ste 210, San Antonio, TX 78238
7
Thank You
Sourcehttps//medium.com/_at_Raul_smith/difference-
between-medicare-and-medicaid-b1e6817e26d
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