Medicare and Medicaid: What’s the Difference?

Medicare and Medicaid are both health insurance programs. However, they are independent of one another and equally involve their own requirements and stipulations. Warrior Insurance, a premium health insurance provider, offers an explanation of these two types of health insurance coverage.

Medicare is health insurance for the elderly. Most individuals over the age of 65 are eligible for this program, as well as those with kidney failure and who are on Social Security disability. Medicare is based on entitlement based on the Social Security taxed paid in by an individual or their spouse. The goal of Medicare is to provide supplemental insurance coverage for individuals in their retirement age who are more likely to have substantial medical payments.

Medicaid is offered to those who meet low-income requirements; anyone who meets these requirements regardless of age may qualify for this insurance. Each state has its own rules and programs associated with Medicaid. Enrollment is available at social welfare, social services and department of of human services offices.

If you have questions regarding your eligibility to the Medicare or Medicaid programs, please contact Warrior Insurance for more information. Your health insurance professionals at Warrior Insurance can provide you with guidance in choosing the appropriate coverage for your situation.

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