How does Medicaid compare to Medicare? Explain.(1 point)

Question

Responses

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.

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.

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.

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.

Answer 1

Medicaid and Medicare both provide health coverage, but they are funded differently and target different populations. Medicaid is funded by both state and federal governments and provides health coverage based on financial need for people under age 65. On the other hand, Medicare is a federal government health-care insurance program for people 65 years or older and those with certain disabilities under age 65.