MediCARE vs. MediCAID | Medicaid Programs and How They Affect Your Medicare

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It’s common for people to get confused about the differences between Medicare & Medicaid. Here at Boomer Benefits, we specialize in Medicare, which is the federal health insurance program for people aged 65 and older and individuals with certain health conditions.

However, it’s entirely possible to be eligible for Medicare and Medicaid if you meet your state’s eligibility criteria. In this video, I will compare the difference between Medicare vs. Medicaid.

Medicare vs Medicaid (00:00)
What is Medicaid (00:58)
Medicare Savings Programs (2:11)
Qualified Medicare Beneficiary- QMB (2:30)
Specified Low-Income Medicare Beneficiary- SLIMB (4:01)
Qualifying Individual- QI (4:17)
Qualified Disabled and Working Individual- QDWI (4:39)
Extra Help or Low-Income Subsidy (5:10)
Applying for Medicare Savings Programs (5:31)
Information you’ll need for Medicaid (6:09)

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I enjoyed watching your videos, it explains everything in detail, the video is very interesting and effective. Thank you and good luck with the upcoming videos.

russellgray
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Great learning video. Good design w/simple (and balanced) visuals.

EwClubb
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Qualified Medicare Beneficiary (QMB) is a Medicaid program for people who are already receiving Medicare benefits.

The purpose of the program is to reduce the cost of medications and copays for doctors, hospitals, and medical procedures.

SuperGreatSphinx
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I see ads that if you have medicare and medicaid there are more things you can get, what is up with that?

kygent
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My father has QMB, does it make sense for him to get Medigap? Seems that QMB acts as Medigap, I'm wrong?

tomatodo
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Can you explain dual eligible medicare advantage plans? I thought that had to do with medicaid.

sandrabrown
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If a person is on any of these Medicare/Medicaid assistance programs and has to go into Hospice or assisted care do they have to turn their social security income over to the care facility? Example would be in PA.

ghsliuy
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I am 21 and I have Medicaid. I was looking into investing into a Roth IRA and a HSA. Will I be ineligible for a HSA? Should I just continue to use my Medicaid and forget about the HSA?

I want to invest my HSA into the stock market when I turn 65, I am not interested in using it for real medical expenses. Am I allowed to have both Medicaid and a HSA?

mochalatay
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Can you loose your home if you own it in order to get the Medicare help?

connie
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I am dual eligible person. Me and my husband. I m 68 n he is 69. I m very confused what medicare plan I select. I m in state of NJ. Can you please guide me?

dulatrivedi
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is it federal mandate for ssi medicaid
recipients to sign up for medicare
at their 65th birthday?

emeraldcity
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Can someone please help me on this no body knows a answer to do I have Medicaid and my sister have Medicaid can I use her home address for it

jamesdombroski
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Dear Boomer: Question: If one gets a Medicare supplement like N or G, will this cause jeopardy of Medicaid?
Does Medicaid work along with a Medicare supplement?
Will Medicaid work along only if one has original Medicare A+B?

eddyvideostar
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Medicaid asks for all your assets. Why? Also I was told I had it then I was told that I didn't. Who can tell me the truth?

connie
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these 2 systems must be the dumbest thing i ever heard..a rich country as USA cant get help there People better.. with full Coverage for health care ...
but have a budget for the United States Armed Forces that you can throw money at.:/ sad ...

thomasengstrom