Medicaid is a health insurance program funded at the state and federal levels that may help low-income people with medical costs. Each state administers its own Medicaid program. Medicaid beneficiaries might include children, senior citizens, the disabled, the blind, and those who are eligible to receive federally assisted income maintenance payments.
Medicaid eligibility is usually determined by evaluating your income and asset limits. These income and asset limits are related to the federal poverty level. Some states with high costs of living (such as Hawaii) may have higher limits than other states.
People who are simultaneously enrolled in the Medicaid program and Medicare are known as “dual eligibles.” Dual eligibles are usually qualified to participate in Medicare’s Extra Help program that provides assistance with Medicare Part D (prescription drug coverage) premiums and deductibles.
To find out more about Medicaid in your state, contact your state Medicaid program.