Medicaid is best described as a program that is:

a.Funded and administered purely by the federal government, with eligibility based only on the recipient's age
b.Jointly funded by the federal and state governments and provides coverage based on financial need
c.Available to every resident regardless of income or assets, with no financial test
d.Funded entirely by the monthly premiums that covered individuals pay directly to the state Medicaid agency

Explicación

Medicaid is a joint federal-state program that provides health coverage to low-income individuals and families based on financial need (limited income and assets), with the federal government and states sharing the cost. It is not purely federal or age-based (that description fits Medicare), is not premium-funded by recipients, and is not open to everyone regardless of income, because it is means-tested. Medicaid is also the largest payer for long-term custodial care in the United States, a gap Medicare largely leaves uncovered.

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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)
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