By: Leah Morrison
Number One: Medicaid is not Medicare.
Medicare is a federal health insurance program for people 65 years of age and older and for people under 65 who are totally and permanently disabled. Medicare is not means tested. Medicare provides limited coverage for nursing home stays- only up to 100 days, after meeting eligibility requirements.
Medicaid is also a federal program that provides insurance coverage, as well as in-home, assisted living, and nursing home benefits. Medicaid is a means tested program, meaning the applicant must have income and resources below a certain threshold. Medicaid eligibility depends on meeting both financial and non-financial requirements.