Medicaid is a government health insurance program predominantly funded by the federal government and managed by the states. It was created as part of the Social Security Act in 1965 and is intended to provide medical assistance to people who cannot afford it, whether because of low income or a disability. Medicaid is a vital component of the Affordable Care Act, providing care and support to millions of Americans, so it’s important to understand the basics of the program.
What Does Medicaid Do?
Medicaid is designed to provide health care coverage for low-income individuals, including both children and adults. It also provides long-term care for people with disabilities, including at nursing homes and other facilities. Medicaid covers hospital visits, doctor visits, preventive health care, mental health services, and other medical services. In addition, it helps pay for medical services provided through private health insurance plans.
Who Qualifies for Medicaid?
Medicaid eligibility is determined by a variety of factors, including income level, family size, disability, and age. Each state sets its own guidelines for Medicaid eligibility and determines how much coverage a person receives. Generally, people with a household income that is at or below the state’s poverty level will qualify for the program. Other factors that can help people qualify for Medicaid include family size and disabilities.
Why Is Understanding Medicaid Important?
It’s important to understand Medicaid because it can help individuals and families manage their health care costs, both in the short term and long term. Medicaid provides much-needed financial assistance to those who experience medical challenges and can’t afford coverage. The program can also help prevent individuals from falling into poverty and help people stay healthy and independent. Medicaid is an important part of our health care system and understanding its rules and benefits can help anyone taking advantage of it.