Medicare and Medicaid are government programs that alleviate health care costs. They are designed to help the less fortunate members of society that cannot pay for health care services.

Medicare is a health insurance program of the federal government. It caters to people aged 65 and older, people with disabilities, and those with late-stage renal disease. In practice, the Medicare recipients pay a premium for a particular period, which can vary every year, before they can start availing Medicare benefits.

Medicaid, on the other hand, is a joint federal and state assistance program. It helps low-income families afford health care services, particularly those with limited assets and resources and those living below the poverty line.

For more information about Medicare, click here.
For more information about Medicaid, click here.