Medicare vs. Medicaid: Key Differences and What Is Covered

In 1965, an amendment to the Social Security Act established Medicare and Medicaid, two government-run health programs. Their similar names can often lead to confusion about what each program covers. In some cases, people may be eligible to be covered by both programs.

You also have options in coverage, which makes understanding these two programs even more confusing, but understanding the difference and how these two programs work can save you money on your health care costs.