Comparing Medicaid with Medicare

What Is Medicaid?

Medicaid is often confused with Medicare, which is a federally funded health insurance program for people aged 65 and over as well as some people with disabilities. Unlike Medicaid, Medicare is not limited to those with low incomes and resources. Medicare Supplement plans, or medi-gap plans are are designed to fill the gap's in the Medicare program. For more information or to receive a Medicare Supplement quote, visit QuoteBroker

Medicaid was created  by Congress in 1965, Medicaid is a public insurance program that provides health coverage to low-income families and individuals, including children, parents, seniors, and people with disabilities. Medicaidinsurance is funded jointly by the federal government and the states.

It is actually the State that operates its own Medicaid progra. Because the federal guidelines are broad, states have a great deal of flexibility in designing and administering their programs. As a result, Medicaid eligibility and benefits can and often do vary widely from state to state.

In 2008, Medicaid is projected to provide health coverage for nearly 63 million low-income Americans over the course of the year, including 31 million children, 17 million adults (mostly low-income working parents), 6 million seniors, and 10 million persons with disabilities. Children account for about half of all Medicaid enrollees, one quarter of Medicaid enrollees are seniors or persons with disabilities.

Important Medicare News and Update

Important Medicare News and Update:

QuoteBroker wants to remind seniors that Medicare Open Enrollment Begins Next Week. Open enrollment period is the best opportunity to choose Medicare drug and health plans for 2010.

November 15th marks the beginning of Medicare’s open enrollment period, QuoteBroker wants to remind seniors to compare their current Medicare drug and health plans with others that are available and choose the one that best fits their needs. People in Medicare have until December 31 to add, drop or change prescription drug and health care plans for 2010.

Health reform bills allow insurers to charge older people more.

Health reform bills allow insurers to charge older people more.

The Los Angeles Times (11/9, Oliphant) reports that "the far-reaching clampdown on insurers" in the health reform bills "leaves one highly controversial element untouched: the issue of charging higher premiums to older policyholders than to younger, presumably healthier consumers who are less likely to file costly claims." Both the House and Senate bills allow insurers "to charge middle-aged consumers at least twice as much as they do younger customers. And depending on the ultimate language of the Senate bill, insurers could be allowed to demand four or five times as much." While "advocates for older Americans argue that age rating amounts to discrimination," the "insurance industry argues that age rating is necessary to make coverage affordable for younger people, whose participation in the system is critical to keeping the overall costs of insurance down for everyone."

As Healthcare reform makes it's way through the House and Senate, online insurance quoting traffic is increasing. QuoteBroker.com reports that insurance companies continue to change public plan options and new plans are being introduced monthy, compared to annually, before Heathcare Reform was introduced earlier this year. QuoteBroker.com provides individual health insurance, family health insurance and business employee benefits; allowing customers to use their free online health insurance quoting tools. With this system you can instantly shop insurance companies insurance premiums, benefits and apply online for coverage.

Keep informed and bookmark this link for more information or to compare health coverage options.