Medicaid

Definition

A program, funded by the federal and state governments, which pays for medical care for those who can't afford it. The program typically helps low-income individuals or families, as well as elderly or disabled individuals. To receive Medicaid, an individual must meet certain requirements (such as income level), and also must go through an application process. Although all states participate in the Medicaid program, each state manages their own program, and is able to set different requirements and other guidelines.

For further explanation, see Medicare vs. Medicaid – How and When Each Can Help You.

Use Medicaid in a sentence

I learned about Medicare and Medicaid and it made me a big supporter of both because I thought they really helped people in need.

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ABC Inc. has decided to raise its minimum wage because the CEO found out that many employees are forced to turn to Medicaid for health insurance.

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I only signed up for Medicaid because it was required under the new law to be signed up for something, but once i hear back from them I can see about changing my health plan.

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