What is Medicaid?

Medicaid is a health insurance plan that is meant for low-income individuals and families. It offers benefits not covered by Medicare, for example, personal care services and home care. In the United States, Medicaid is known to be the most significant source for funding health and medical services to all the people with low income. With Medicaid, the financial security of some recipients has improved.

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This program is eligible for people who are 65 years of age and above who meet the limit of income and asset in their state. It provides a range of health insurance coverage including doctor visits, drugs, hospital expenses, nursing, and home health care. Also, to be eligible for Medicaid, individuals must meet a specific non-financial eligibility area.  Medicaid beneficiaries must generally be residents of the state in which they are receiving Medicaid. They must either be citizens of the United States or certainly qualified non-citizens, such as lawful permanent residents. Also, some eligibility groups are limited by age, or by pregnancy or parenting status.

 

Once an individual is eligible for Medicaid coverage is either effective on the same day or the month of application. Furthermore, benefits may be covered one-month prior use and stop at the end of the month which an individual doesn’t meet the requirements of Medicaid eligibility.

Medicaid began as a program to pay for health care for people in need who were unable to work. It covered the aged, the blind, the disabled, and single-parent families. Over the years, Medicaid has expanded to include more people. For instance, children and pregnant women may qualify under higher income limits and without asset limits. Families with unemployed parents may be eligible, and families who lose regular Family Medicaid because a parent returns to work may continue to be covered for up to one year.

 

There are two types of Medicaid coverage this include, Medicaid nursing home coverage which pays all the expenses for nursing homes who are eligible. Community Medicaid is another type which helps people who have little or no Medical insurance.