Medicaid

What Does Medicaid Mean?

Medicaid is a government program designed to provide health insurance for individuals who cannot afford private policies and do not receive health coverage through their employer.

Although Medicaid is administered by state governments, the majority of its funding comes from federal tax revenues.

Insuranceopedia Explains Medicaid

Medicaid provides health insurance that is either fully or partially subsidized by the government to those who qualify.

Individuals of all ages may be eligible for Medicaid, but they must meet specific criteria, such as being a U.S. citizen and having a low income or certain disabilities.

While most states participate in the Medicaid program, they have the option to opt-out.