Medicaid is a healthcare program that is predominantly funded by the United States federal government; however, the individual states have the option to supplement funding and expand on the coverage mandated by the federal government. Medicaid is also administered by the individual states, meaning the eligibility guidelines and benefits offered will differ somewhat from one state to another. Basic Medicaid typically covers things such as:
- Doctor visits
- Hospital stays
- Emergency care
- Preventative care
The reason Medicaid may become important to you as you age is that Medicaid for seniors will also cover LTC expenses as well as community-based programs that are aimed at allowing seniors to remain in their homes longer instead of going into a LTC facility.