Medicare Medicare is available to all U.S citizens the age of 65 y/o and older and those with some kind of disability. This program is affiliated with federal program attached to Social Security. This program is available to everyone doesn’t matter of your income. There are four-part-program: 1. Part A: hospitalization coverage 2. Part B: medical insurance 3. Part C: privately purchased supplemental insurance that provides additional services and through which all Medicare services that can also be offered by Part A and Part B that can be accessed. 4. Part D: prescription drug coverage it covers all medication. Part A and Part B usually are paid by payroll taxes and deducts from your SSI. Part C and Part D pay out of pocket participants. Around 06’, all prescription drug …show more content…
Federal governments fund up about 50% of the cost each state Medicaid program, they’re more affluent states receiving a lot less funds that less affluent states. Due to this federal/state partnership, there’s about 50 different Medicaid programs, one for each state. Not like Medicare, that is available to everyone, Medicaid is strict for eligibility requirements. There’s rules by the state, but the program that is designed to help the poor in so many states require Medicaid recipients to have any more than a few thousands of dollars in liquid assets to be eligible for the program. The program has income restrictions. Meanwhile this program is designed to serve the poor, just being low-income may not just enough to qualify you for Medicaid. There are eligibility requirements are placed to make sure that the program serve some groups like disabled elderly, pregnant women, families, children, caretakers of children. These service is varied by the state but the federal government mandates coverages to the following