Tag Archives: medicare
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Medicare vs. Medicaid: What are the Differences?
By: Erin R. Solaiman, Attorney at Law. Many people have questions regarding the differences between Medicare and Medicaid. What does each program cover? Who is eligible? How does it work? While Medicaid and Medicare sound similar, they are in fact very different programs. Medicare is an entitlement program that is funded by the federal government. It does not depend on your assets or income because you have paid into this program over your lifetime. When you retire from the workforce at age 65, or earlier due to a disability, your Medicare coverage begins. Medicare coverage is not complete and there can be co-pays. Most retirees buy supplemental insurance for some of the services that the basic Medicare benefits do not provide…
