State Medicaid Program

DEFINITION of 'State Medicaid Program'

Health initiatives managed by state governments in conjunction with the federal Medicaid program that help qualified low-income individuals and families pay for the costs associated with healthcare. State Medicaid programs use federal funding along with their own state funding to provide needed health services for eligible individuals, where eligibility is based on numerous factors, including income, assets, age, disability and citizenship.

BREAKING DOWN 'State Medicaid Program'

Medicaid is a voluntary program in which states can participate. State programs vary, with some states renaming their Medicaid programs, such as California's "Medi-Cal" and Tennessee's "TennCare". Additionally, some states have also sought out the services of private health providers to administer portions of their state Medicad, usually referred to as Medicaid managed care.

RELATED TERMS
  1. Medicaid

    A joint federal and state program that helps low-income individuals ...
  2. U.S. Centers for Medicare and Medicaid ...

    The federal agency that administers the nation’s major healthcare ...
  3. Children’s Health Insurance Program ...

    A medical coverage source for individuals under age 19 whose ...
  4. Supplemental Security Income - ...

    A federal program that provides additional income for older and ...
  5. Special Needs Trust

    A legal arrangement and fiduciary relationship that allows a ...
  6. Social Security

    A United States federal program of social insurance and benefits ...
Related Articles
  1. Your Clients

    How to Help a Client Qualify for Medicaid

    Figuring out Medicaid eligibility can be very complicated—here are some steps to help you assist clients with qualifying for the program.
  2. Your Clients

    Qualifying for Medicaid: How to Better Your Chance

    Getting started on Medicaid can be very difficult, so here are four steps that should increase your chances of getting accepted into the program.
  3. Insurance

    Medicaid Vs. Medicare

    Medicare and Medicaid only sound similar. Medicaid doesn't require being 65 or disabled to get benefits. Some low-income seniors can qualify for both.
  4. Insurance

    Medicaid and Nursing Homes: A Quick Guide to the Rules

    Medicaid can cover the costs of a long-term healthcare facility, if you qualify. But that's a big if.
  5. Retirement

    How Medicaid Works After Retirement

    Reasons why, after you retire, you need to know how Medicaid works – and especially how it relates to Medicare.
  6. Insurance

    Medicare Vs. Medicaid

    Medicare and Medicaid are often confused with one another, because they are both public health-care programs. This confusion likely arises from the similarities between the two programs. After ...
  7. Your Clients

    Long-Term Care: How Medicaid Stacks Up

    Clients who think Medicaid is a good option for long-term care usually don't know the rules that come with the process of applying for it.
  8. Professionals

    Medicaid Planning

    Medicaid Planning
  9. Insurance

    Medicaid Vs. Long-Term Care Insurance

    These are not equal. Here's why you need to think twice before relying on the government-sponsored program.
  10. Retirement

    Asset Protection Trusts: Help For Seniors

    How to use an irrevocable trust to qualify a senior for Medicaid and still preserve a portion of assets to support a spouse or other dependents.
RELATED FAQS
  1. How does the role of Medicare/Medicaid affect the drugs sector in the U.S.? (UNH, ...

    Read about the impact of Medicare and Medicaid on the drugs sector in the United States and how some doctors get rich by ... Read Answer >>
  2. How is the provident fund funded?

    Find out how provident funds are funded, including the basics of how this retirement savings program works and examples of ... Read Answer >>
  3. What is long-term care?

    Long-term care refers to a collection of services that are intended to meet the medical and non-medical needs of disabled ... Read Answer >>
  4. How do I know what Social Security benefits I am eligible for?

    Learn what tools to use to find out which Social Security benefit programs you are eligible for and the basic requirements ... Read Answer >>
  5. Does having a 529A account disqualify me from receiving other government benefits?

    Learn how, under the ABLE Act, 529A accounts are excluded from means testing for government assistance, except for the Supplemental ... Read Answer >>
  6. What are the limitations of 529A accounts?

    Learn the limitations of 529A plans, such as tax consequences and penalties, limited investment options, irrevocable contributions ... Read Answer >>
Hot Definitions
  1. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  2. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  3. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
Trading Center