Medicaid
Medicaid is a health insurance program for individuals and families with low incomes and resources. It cost is shared by the states and federal government, and is managed by the states. Medicaid serves eligible low-income parents, children, seniors, and people with disabilities, and is the largest source of funding for medical and health-related services for people with limited income.
Even though the name sounds similar, Medicaid is substantially different from Medicare. Medicare is an entitlement program funded entirely at the federal level, while Medicaid is a social welfare program with both state and federal funding. Medicare is available to all based on age or disability, and Medicaid's availability is based on financial need. It is possible to be enrolled in both (Dual Eligible).