Question

How does Medicaid compare to Medicare? Explain.

A. Medicaid is funded by state and federal governments and provides health coverage based on financial need. Medicare is a federal government health-care insurance program for people 65 years or older and those with certain disabilities under age 65.

B. Medicaid is funded by state governments only and provides health coverage based on financial need for people under age 65. Medicare is a federal government health-care insurance program for people 65 years or older.

C. Medicaid is a state government health-care insurance program for people 65 years or older. Medicare is a federal government health-care insurance program for people with certain disabilities under age 65.

D. Medicaid is funded by the federal government only and provides health coverage based on financial need for people under age 65. Medicare is a state government health-care insurance program for people 65 years or older.

Answer 1

A

Explanation: Medicaid is a joint federal–state program that provides health coverage based on financial need (for low-income people of various ages, including children, pregnant people, elderly and people with disabilities). Medicare is a federal program that primarily covers people age 65 and older and certain younger people with disabilities or specific conditions (e.g., end-stage renal disease, ALS). Options B–D are incorrect about funding and eligibility.