FinLitTV® - What Is Medicaid

Medicaid is a government funded health insurance program for people with few resources who are not able to afford their healthcare. The Medicaid program pays the healthcare provider directly for the care for the person who qualifies. It does not matter how old or young you are to qualify for Medicaid so young people whose parents do not have enough money can get healthcare through Medicaid. Like Medicare though, the federal government does not have a lot of resources to continue to pay for Medicaid and this program could experience cut-backs like the Medicare health insurance program for people who are over 65 years of age.

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