Medicaid and Medicare are both government-funded health insurance programs, but there are some key differences between them. Medicaid is a need-based program that provides health insurance coverage for low-income individuals and families, while Medicare is a federally funded insurance program for those 65 and over, regardless of income. Medicaid covers a wider range of services than Medicare, including dental and vision care, long-term care, and home and community-based services. Medicare does not cover these services, although some Medicare Advantage plans may cover some of them. Medicaid also covers prescriptions and preventive services, while Medicare does not cover prescriptions and only covers preventive services if they are medically necessary. Medicaid also has lower deductibles and copays than Medicare, making it more affordable for those with limited incomes.
