Medicaid is a program that provides health insurance to low-income families and others who fall below state-designated financial guidelines. This typically includes children of low-income families, older low-income Americans, especially those requiring nursing home level of care, and people with disabilities, including psychiatric disabilities, that fall below a certain income level.
Unlike Medicare, which is fully funded by the federal government, Medicaid’s funding is split between each state and the federal government. The oversight of Medicaid is managed at the state level, and each state is able to set its guidelines for who is eligible and what services will be covered under the benefit. In most states Medicaid covers a broad array of services, which include inpatient and outpatient care, medication assistance, home health care services, laboratory tests, vaccines, and long-term nursing home care.
Medicaid goes by different names in different states, which makes this a bit confusing. To find out more information about Medicaid in your state, contact your state Department of Social Services, Welfare, Social Security, or Office of Health Plans.