What is Medicaid?

Medicaid is a health insurance program for certain low-income individuals and their families. The program is run jointly by the federal government and your state. People 65 years of age or older who meet the income and asset limits for their state are eligible for Medicaid. Your state is in charge of setting the income and asset eligibility tests for its residents. To find out more about Medicaid and your state's eligibility requirements, go here.