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Medicaid for Seniors
Medicaid is a federally-funded program that funds health care for low income individuals and families. The Medicaid program began in 1965 and is funded by both federal and state governments.
Medicaid may be a good option for seniors who live on a fixed income and cannot afford to obtain the health care they need. Additionally, the Medicaid program can provide nursing home, adult daycare, and other long term care coverage to people who meet certain eligibility criteria.
Medicaid beneficiaries do not need Medigap coverage since Medicaid will pay for their health care expenses. Individuals within 120% of the poverty line are eligible for coverage that will pay their Part B premiums.
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