Medicare
The federal health insurance program for people who are 65 or older, certain people with disabilities and people with end-stage renal disease. There are different parts of Medicare that help cover specific services:
- Medicare Part A - Hospital Insurance
- Medicare Part B - Medical Insurance
- Medicare Part D - Prescription Drug Coverage
Medicaid
Medicaid provides health coverage to millions of individuals in America. This program is provided to eligible low-income adults, children, pregnant women, elderly adults and people with disabilities. Medicaid is funded jointly by states and the federal government.
Medicaid Waiver
Medicaid Waivers fund home and community supports and services that allow individuals to remain in their home as an alternative to receiving services in an institution.
Medicare Advantage Plans
Medicare Advantage Plans are another way to receive Medicare Part A and Part B coverage. These plans are offered by Medicare-approved private companies that must follow rules set by Medicare. In many cases, you'll need to use health care providers who participate in the plan's network.
Medicare Savings Programs
Depending on an individual's eligibility, there are additional programs that provide assistance to offset the out-of-pocket costs associated with Medicare. These costs include deductibles, coinsurance, copayments and prescription costs.
PACE - Programs of All-Inclusive Care for the Elderly
PACE is an all-inclusive program funded by Medicare and Medicaid for older adults 55 years of age and older who meet Nursing Home Level of Care. This program provides both clinical and social care in one setting and helps people meet their health care needs in the community instead of going to a nursing home or other care facility.