Medicaid

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Definition of 'Medicaid'

Medicaid is a federal and state program that helps with medical costs for people with low incomes and limited resources. Medicaid is jointly funded by the federal government and the states, and is the largest source of health insurance for people in the United States. In 2020, Medicaid covered over 75 million people.

Medicaid is a means-tested program, which means that eligibility is based on income and resources. To qualify for Medicaid, you must have a household income below a certain level, and you must not have too many assets. The income and asset limits vary from state to state.

Medicaid covers a wide range of medical services, including doctor visits, hospital stays, prescription drugs, and long-term care. The specific services that are covered vary from state to state.

Medicaid is an important program for people with low incomes and limited resources. It helps to ensure that everyone has access to affordable health care.

Here are some additional details about Medicaid:

* Medicaid is available to people of all ages, including children, adults, and seniors.
* Medicaid is also available to people with disabilities.
* Medicaid is not available to people who are incarcerated.
* Medicaid is not available to people who have too much income or assets.
* Medicaid is not available to people who are undocumented immigrants.

If you are interested in learning more about Medicaid, you can visit the Medicaid website. You can also contact your state Medicaid agency for more information.

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