In Oklahoma, people often get confused between the terms Medicare and Medicaid. Although both may seem similar, there are significant differences between them. Now, you may ask: " What are medicare and medicaid health insurance programs?", " What are the eligibility criteria for these programs?" or "How can one obtain both?" Rest assured, as we will clear all your doubts with this post.
These are two distinct government-run health insurance programs. Different parts of the government are responsible for funding and operating these schemes. Moreover, they aim to serve other groups of individuals. Let us now delve deeper into the details.
Identifying the Major Difference
Before proceeding further with the article, it is crucial to understand the fundamental difference between the two terms. States are responsible for managing Medicaid, and it depends on the person's income. On the contrary, the federal government holds the responsibility of managing Medicare, and it relies on the individual's age. However, in certain exceptions, such as a disability, younger people can benefit from the medicare supplement plans.
Exploring the Medicare Segment
Medicare is a health insurance program that aims to cover people aged 65 and older. There were instances in Oklahoma wherein a few disabled individuals under 65 got qualified for the plan. These health insurance programs cover a few of the healthcare costs of the American disabled individuals and seniors. Let us now explore the four different components of the medicare:
Part A- pays for in-patient care and hospital stays.
Part B- focuses on outpatient care and doctor visit fees.
Part C- allows the combination of medical and hospital insurance in a single plan.
Part D- takes care of the prescription drug coverage.
Viewing the Medicaid Scheme
If you want better healthcare at a reasonable or negligible cost, Medicaid is an excellent option. As the state is responsible for managing this scheme, the eligibility needs may vary from state to state. Furthermore, note that you should recertify for Medicaid every year. It usually covers pregnant women, kids, low-income adults, disabled individuals, and the elderly.
The Art of Getting the Best of Both Worlds
A few people qualify for Medicare because of disability or age. However, they may also be eligible for Medicaid as they meet the qualification criteria. Such individuals usually qualify for dual health plans.
Claim the Coverage You Deserve
Oklahoma Health Options offers the most reliable medicare plans to cover your healthcare costs. We intend to figure out the ideal health insurance plan according to your requirements. In addition to this, our expert team does the shopping for you, saving you valuable money and time. Here begins your ideal healthcare journey!
Comments