Connect One Health recently published a helpful Frequently Asked Questions (FAQ) article titled "What are the differences between 'Medicare and Medicaid'". The names are confusingly similar, but the people who are covered and the types of coverage they provide are important. Medicare is the primary health insurance for many people 65 and over, and Medicaid was created to serve those people with limited income and resources, and is often offered as a last resort.
The article tells us that Medicare is available for qualifying people who are aged 65 or older or those people who have suffered a qualifying disability for more than 24 months, and that Medicaid is available to people who have limited income and limited resources, and that the user satisfaction for both programs is relatively high. The article puts both programs side-by-side and describes the following for each program: Coverage, Cost, Enrollment, Funding, Populations served.
The article also describes how the two programs work together to provide medical coverage to elderly and poor populations in our country.
Reference: Connect One Health - Medicare vs. Medicaid