In this article let us learn about what is the difference between medicare and medicaid insurances.
These are the insurance policies handled by the Federal Agency or the Government for the citizens in the US. The main ones are as follows:
This is a type of Federal Policy and is sub-divided into:
This is another Federal policy, which covers the medical bills of those patients who are below the poverty line.
Main features are:
Note on Medicaid: This policy has to be renewed on a monthly basis and if the patients’ income is above the limit that the government has set for a particular month then the patient has to pay that additional amount towards his medical bills, if he has any for that particular month. The payment of that amount towards his medical bills is known as SPENDOFF.
These are the main differences between medicare and medicaid insurances of United States of America.
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