Medicare vs. Medicaid
Two Branches of CMS
The Centers for Medicare and Medicaid Services (CMS) is the government agency that oversees Medicare and Medicaid. While both services are run by the same agency and have similar names, they’re pretty different.
Medicare is a health insurance plan offered by the federal government for certain populations based on age and health issues. It doesn’t depend on income. Medicaid is an assistance program offered jointly through state and federal governments for people with low income of any age. While Medicaid isn’t a health insurance plan, it does pay for people’s healthcare as an assistance program.
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Summary
Medicare and Medicaid are both run by CMS, but they target different individuals. Medicare is a health insurance plan for people 65 and older or with certain medical conditions. Medicaid is an assistance program for low-income people. To learn more about Medicare, contact us at Modern Senior Benefits today.
