Medicare and Medicaid are federal programs that cover a large proportion of the US population with healthcare. The two have similar objectives in the area of providing care, but there are significant differences in them that concern reimbursement.
Describe each program, Medicare and Medicaid.
Provide the major features of each program.
Discuss how these programs differ from each other.
Briefly describe the process of how to bill for each program.
Sample Solution
Medicare is a federally funded program that provides healthcare insurance for US citizens over the age of 65 and certain disabled individuals who meet eligibility requirements. It covers hospital care, physician services, outpatient services, home health care, hospice care, and some preventive services.
Medicaid is also a government-funded program that provides health coverage to eligible low-income individuals and families. Medicaid programs vary from state to state so benefits may differ depending on where an individual lives. Generally speaking, Medicaid typically