A frequent question from families considering future healthcare options is whether or not Medicare and Medicaid are the same thing. Well, the short answer is no. Medicare and Medicaid are not the same. However, they’re both systems that provide healthcare coverage. All right, let me break it down for you. Medicare is a national program funded by tax dollars that serves all Americans over 65, as well as younger individuals with certain disabilities. Medicaid is an assistance program designed to provide healthcare coverage to low-income individuals and families of any age. Now get this, if you’re over 65 and you have a limited income, it’s possible to qualify for both Medicare and Medicaid. But the easiest way to find out whether you qualify for Medicare or Medicaid is to visit the Medicare.gov website or speak with your insurance agent.
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