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Medicare & Medicaid

There are two medical programs run by the U.S. government. One, Medicare, is paid for contributions from workers' paychecks. The cost of the means-tested program for low-income folks, Medicaid, is split between the federal and state governments, though their general funds.  

Medicare pays for most of the cost of hospitalization, rehabilitation, doctors' visits, labratory expenses, prescription drugs, and much other medical care for older and disabled Americans, but it still leaves almost half of all medical costs unpaid. Most people need a medigap insurance policy or Medicare managed care plan (Medicare Part C) to cover the gaps in Medicare.

For those with low income and assets, Medicaid can pay for medical expenses for who don't qualify for Medicare—or can cover the gaps in Medicare for those who do.  

Medicare and Medicaid coverage explained.

Many federal and state government benefits are tied to the federal poverty level (FPL), or percentages of the FPL.

Medicaid is a program that provides very low-cost or free health care to some adults and children with limited incomes.

Anyone over 65 can get Part B, Medical Insurance (mainly for doctors’ visits), simply by paying a premium, but Part A is a different story.

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Medicaid is a program that provides very low-cost or free health care to some adults and children with limited incomes.

Many individuals who apply for Medicaid find that they have too many assets to qualify.

If Medicaid pays for nursing home care, the state can try to collect reimbursement for these costs after the death of the Medicaid recipient.

Here's an explanation of Medicaid's rules on eligibility for nursing homes, assisted living, and home health care.

Income trusts are a type of special purpose trust that can be helpful to Medicaid applicants in states that have a set income limit for qualifying for Medicaid.

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Anyone over 65 can get Part B, Medical Insurance (mainly for doctors’ visits), simply by paying a premium, but Part A is a different story.

Most premiums and deductibles for traditional Medicare will go up slightly in 2025, but people enrolled in Medicare Advantage plans won’t see any increases.

If you’re new to Medicare, learn when you can enroll Part A, B, C, and D and when your coverage will start.

The categories of medical treatment and services listed below are not covered by Medicare.

If you receive a notice of action that you are being denied Medicaid, appeal.

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