What are the major characteristics of Medicare and Medicaid?
Medicare is a federal program that provides health coverage if you are 65+ or under 65 and have a disability, no matter your income. Medicaid is a state and federal program that provides health coverage if you have a very low income.
How are Medicare and Medicaid different and similar?
The difference between Medicaid and Medicare is that Medicaid is managed by states and is based on income. Medicare is managed by the federal government and is mainly based on age. But there are special circumstances, like certain disabilities, that may allow younger people to get Medicare.
What were the purposes of Medicare and Medicaid quizlet?
Medicare provides health care for older people, while Medicaid provides health care for people with low incomes.
Which statement describes the importance of Medicaid quizlet?
Which statement describes the importance of Medicaid? Medicaid assistance is principally spent on long-term care for the elderly. For many elderly Medicare recipients, Medicaid reduces the financial burden of long-term nursing home care and catastrophic illness.
What is the difference between Medicare and medical?
Medicare provides health coverage to individuals 65 and older or those with a severe disability regardless of income, whereas Medi-Cal (California's state-run and funded Medicaid program) provides health coverage to those families with very low income, as well as pregnant women and the blind, among others.
How does Medicaid work?
The Medicaid entitlement is based on two guarantees: first, all Americans who meet Medicaid eligibility requirements are guaranteed coverage, and second, states are guaranteed federal matching dollars without a cap for qualified services provided to eligible enrollees.
Which of the following is true about the difference between Medicaid and Medicare quizlet?
What is the difference between Medicare and Medicaid? Medicare is a federal program that provides health coverage if you are 65 and older or have a severe disability, no matter your income. Medicaid is a state and federal program that provides health coverage if you have a very low income.
Which of the following best describes the difference between Medicare and Medicaid programs?
Which of the following illustrates the main difference between Medicare and Medicaid? Medicare helps to insure the elderly, while Medicaid focuses on low-income individuals and families.
Why was the development of Medicare and Medicaid so important quizlet?
The answer is D. It gave federal aid to states for public health, welfare, maternal/child health, children with disabilities. It also provided the legislative basis for many later health and welfare programs, including Medicare and Medicaid enacted in 1965 as amendments to the Social Security Act.
Who qualifies for Medicaid?
To participate in Medicaid, federal law requires states to cover certain groups of individuals. Low-income families, qualified pregnant women and children, and individuals receiving Supplemental Security Income (SSI) are examples of mandatory eligibility groups (PDF, 177.87 KB).
Who does the Medicaid program serve quizlet?
low income individuals and families, specifically children, pregnant women, the elderly, the disabled, and parents with dependent children. You just studied 24 terms!
Which statement is correct about the taxation of benefits paid to a person insured by a group health plan?
The correct answer is: They are taxable. If health insurance premiums are not tax-deductible, the benefits are: If the premiums are not tax-deductible, the benefits are tax-free, as long as they do not exceed the actual cost of medical expenses.
Who administers Medicare?
A) Medicare is administered by the Centers for Medicare & Medicaid Services (CMS).
How can health insurance reduce moral hazard?
D) Under the ACA, health insurers can reduce the moral hazard problem by including preexisting condition clauses in insurance contracts.
Who publishes the ICD code?
B) ICD codes are published by the World Health Organization.
Can insurance companies combat moral hazard?
B) Unfortunately, there is nothing that insurers can do to combat the moral hazard problem other than increase premium rates.