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 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 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.
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.

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 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 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

The correct response is:

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.

This statement accurately highlights the funding sources and eligibility criteria for both Medicaid and Medicare. Medicaid provides assistance primarily based on income and financial need, while Medicare serves individuals primarily based on age (65 and older) or specific disabilities.