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Medicare
Medicare is an insurance program. Medical
bills are paid from trust funds which those
covered have paid into. It primarily serves
people over 65, whatever their income; and
serves younger disabled people and dialysis
patients. Patients pay part of costs through
deductibles for hospital and other costs.
Small monthly premiums are required for
non-hospital coverage. Medicare is a federal
program. It is basically the same everywhere
in the United States and is run by the Centers
for Medicare & Medicaid Services, an
agency of the federal government.
Medicaid
Medicaid is an assistance program. Medical
bills are paid from federal, state and local
tax funds. It serves low-income people of
every age. Patients usually pay no part of
costs for covered medical expenses. A small
co-payment is sometimes required. Medicaid is
a federal-state program. It varies from state
to state. It is run by state and local
governments within federal guidelines.
For more information regarding Medicare and
its components, please go to www.medicare.gov.
For more information on Medicaid, please go
to www.cms.hhs.gov/medicaid.
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