When it comes to Medicare and Medicaid lets start with some important distinctions. I hate to be to basic, but I want to make sure that we understand the difference. Medicare is a national social security program while Medicaid is a state run governmental program. You can have Medicare without Medicaid, Medicaid without Medicare, and you can have both Medicare and Medicaid. I'm going to deal here with the last combination of Medicare and Medicaid. There are several levels of Medicaid depending on your state of residence as well as your income and assets. Medicaid helps pay some or all of the costs that Medicare does not pay. In order to take advantage of both Medicare and Medicaid, you will have to use providers that will accept and file both.
There are Medicare Advantage programs that work with both Medicare and Medicaid. One well known company that offers these programs is Wellcare. Wellcare offers different programs depending on the level of Medicaid coverage that you qualify for. The advantage to these programs is more provider options as well as additional benefits such as dental, vision, and even transportation. Just make sure that you sign up on the right one. TIP: An easy way to get on to Medicaid is to apply for LIS. Please click here for more information on LIS and Medicaid
