Medicaid and LakePoint
Medicaid is a combined federal and state program designed to pay medical costs for people with a limited income and resources. Eligibility will be determined by an evaluation of your circumstances and income.
Medicaid Eligibility Details
Federal and state laws regulate the income and eligibility requirements for the Medicaid program. To see if you qualify you will need to contact your State Medical Assistance (Medicaid) office. Some eligibility factors that will be considered include pregnancy, disability, age, blindness, income and resources, and U.S. citizenship. Your resources include bank accounts, real property, and other assets or items that can be sold for cash. Income and resource counting will vary from state to state.
How Does Medicaid Work?
Medicaid typically sends a full payment directly to your health care providers. Most of the time, you won’t even see a bill. Depending on your state’s requirements, you may have to pay a co-payment for some medical services.
Medicaid and Medicare
Medicare doesn’t cover everything. That’s where Medicaid comes in for those who are eligible. Almost all of your health care costs will be covered if you have both programs. The programs are designed to help you get healthy and/or stay healthy.