Medicare is a federal insurance program that provides health coverage to eligible enrollees. Beneficiaries must pay monthly premiums, annual deductibles, and coinsurance for many of the services they receive. Some enrollees even have to pay a premium for Medicare Part A, increasing the total cost of coverage. For Medicare beneficiaries with low incomes, it can be difficult to absorb these out-of-pocket costs.
If you have limited income and resources, you may qualify to get help from Medicaid to pay premiums and other Medicare expenses. Medicaid is a state and federal financial assistance program for people of all ages. If you qualify for Medicare and Medicaid, you are considered dual-eligible.
How Medicaid Works With Medicare
Many of the millions of Medicare enrollees in the United States are at least 65 years old; however, Medicare is also available to younger people with qualifying disabilities. You may be eligible for Medicaid if you meet income and resource limit requirements. Each state administers its Medicaid program and may have different eligibility requirements and expanded benefits. Check for your state’s definitions and eligibility standards for Medicaid here. Or, contact your State Health Insurance Assistance Program (SHIP) to speak with an unbiased agent about how Medicare and Medicaid will work for you.