Definition of Medicaid:
Medicaid is a public health insurance program in the United States that provides health care coverage to low-income families or individuals. It covers doctor visits, hospital stays, long-term medical care, custodial care, and other health-related costs.
A health care program administered by the individual states with funding from the federal government. Those who meet certain guidelines, including income requirements, are eligible to have medical expenses paid.
A federal system of health insurance for those requiring financial assistance.
Medicaid is a jointly funded program by the federal government and the states. It is operated at the state level and, therefore, coverage and administration of the program vary greatly from state to state. It is available only to individuals and families who meet specific criteria based on income. It is only available to U.S. citizens, permanent residents, or legal immigrants. As of May 2020, approximately 66.8 million people were covered by Medicaid.
How to use Medicaid in a sentence?
- Medicaid is a joint federal and state program that provides health care coverage to low-income individuals.
- And much of that is going to come out of your own pocket unless you qualify for Medicare or Medicaid.
- According to the Centers for Medicare & Medicaid Services, 66.8 million people were enrolled in Medicaid as of May 2020.
- In 2018, total spending on the program was $597 billion.
- Access to Medicaid is proven to show increased individuals with coverage and improvements in overall health.
- The federal government matches state spending on Medicaid and states are responsible for designing and administering the program.
- Eligibility is determined based on one's income in comparison to the federal poverty level (FPL).
Meaning of Medicaid & Medicaid Definition