Medicaid
Short Definition
A joint federal and state program providing health coverage to eligible low-income individuals.
Expanded Definition
Medicaid covers medical services and long-term care for those who qualify financially. Many seniors use Medicaid to help cover nursing home or home care costs not fully paid by Medicare.
Example/Use Case
When her father’s savings ran out, Lisa applied for Medicaid to cover his nursing home care.
Related Topics
Medicare
Home and Community-Based Services
Long-term Care Insurance
Related Questions
What is Medicaid?
How does Medicaid help with senior care?
