What is the primary difference between Medicare and Medicaid?

The primary difference between Medicare and Medicaid lies in their funding and administration. Medicare is a federally funded program, providing health insurance primarily to individuals aged 65 and older, regardless of their income level. It also covers certain younger people with disabilities or specific health conditions. On the other hand, Medicaid is a joint federal and state program designed to assist individuals and families with low income, covering a range of medical services for eligible participants, including children, pregnant women, and individuals with disabilities.

While Medicare is consistent nationwide due to its federal nature, Medicaid can vary significantly from state to state, as each state has different eligibility criteria and benefit packages. This distinction highlights how Medicare operates uniformly under federal guidelines, whereas Medicaid is influenced by state policies and regulations.