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. Elder Law

    Elder law is a legal specialty focusing on the rights and needs ...
Related Articles
  1. Insurance

    What's The Difference Between Medicare And Medicaid?

    One program is for the poor; the other is for the elderly. Learn which is which.
  2. Financial Advisor

    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.
  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. Managing Wealth

    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. Financial Advisor

    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.
  6. Insurance

    Medicaid vs. CHIP: Understanding the Differences

    Medicaid and CHIP are both designed to provide low-income children with health care coverage. Find out about the differences between the two programs.
  7. 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.
  8. 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.
  9. Retirement

    Top 5 Strategies To Pay For Elder Care

    The cost of a nursing home, assisted living facility or home care can be ruinous. Try these routes to help seniors qualify for Medicaid and pay the bills.
  10. Financial Advisor

    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.
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 >>
Hot Definitions
  1. Leverage Ratio

    Any ratio used to calculate the financial leverage of a company to get an idea of the company's methods of financing or to ...
  2. Two And Twenty

    A type of compensation structure that hedge fund managers typically employ in which part of compensation is performance based. ...
  3. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying ...
  4. Expense Ratio

    A measure of what it costs an investment company to operate a mutual fund. An expense ratio is determined through an annual ...
  5. Mezzanine Financing

    A hybrid of debt and equity financing that is typically used to finance the expansion of existing companies. Mezzanine financing ...
  6. Long Run

    A period of time in which all factors of production and costs are variable. In the long run, firms are able to adjust all ...
Trading Center