Medicare is a health insurance program operated by the federal government that is funded from of Social Security payroll deductions and tax contributions. Anyone 65 or older who has made Social Security contributions is entitled to Medicare benefits.
In addition to providing a medical insurance program to senior citizens, Medicare also provides beneifts for individuals under the age of 65 who have disabilities and have been eligible for Social Security disability benefits for at least two years.
In contrast, Medicaid is a need-based program that is funded jointly with funds from both the states and the federal government. It is designed to help pay for medical care for people receiving public assistance benefits and individuals who need home care or nursing home care. While Medicaid recipients can receive also Medicare benefits, the Medicaid program is not related to the Medicare program.
We are experienced in all areas of estate planning including long term care and Medicaid planning. Contact us today to discuss how we can help you with you elder law needs.
