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What’s the Difference Between Medicare and Medicaid?

It’s easy to get these two programs confused. Medicare is a federal health care program for people age 65 or older or some people with disabilities, regardless of income. Medicaid is a state and federal program that provides health care coverage if you have a low income. In Michigan, there is an expanded Medicaid program called the Healthy Michigan Plan, which offers more benefits than regular Medicaid.

Think of it this way: Medicare is for elder care. Medicaid provides aid to those with a low income.

Cosmo Insurance Agency is an independent insurance agency serving surrounding communities in New Jersey. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating the latest in technology-based tools and laws on healthcare, employee benefits, life insurance and finance, we keep our clients up-to-date with the plans that encompass all of their needs, whether it is individual or group insurance.

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