Medicaid
Health Insurance
A state-administered health insurance program for low-income families and children, pregnant women, the elderly, people with disabilities, and in some states, other adults. The Federal government provides a portion of the funding for Medicaid and sets guidelines for the program. States also have choices in how they design their program, so Medicaid varies state by state and may have a different name in your state.
- — HealthCare.gov Glossary retrieved 2014-05-16
A state-administered health insurance program for low-income families and children, pregnant women, the elderly, people with disabilities, and in some states such as Maryland other adults. The federal government provides a portion of the funding for Medicaid and sets guidelines for the program. States also have choices in how they design their program.
- — Glossary of Health Coverage and Medical Terms retrieved 2014-05-18
Personal Finance
Medicaid is federal government program run by the individual states. It's designed to provide assistance to people who can't afford skilled or custodial healthcare.
There are strict financial standards governing who qualifies for assistance, though there is significant variation from state to state in the way the program is managed.