State Medicaid Program

AAA

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.

INVESTOPEDIA EXPLAINS '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. Medicare

    A U.S. federal health program that subsidizes people who meet ...
  2. Social Security

    A United States federal program of social insurance and benefits ...
  3. Social Security Administration ...

    A U.S. government agency created in 1935 by President Franklin ...
  4. Pension Plan

    A type of retirement plan, usually tax exempt, wherein an employer ...
  5. Medicare Wages

    An employee's earnings that are subject to a U.S. payroll tax ...
  6. Legislative Risk

    The risk that legislation by the government could significantly ...
RELATED FAQS
  1. Can I stop working to decrease my Substantial Gainful Activity (SGA)?

    In theory, the threshold for receiving Social Security Disability Insurance (SSDI) is the inability to perform meaningful ... Read Full Answer >>
  2. Why some insurance policies are more expensive than others?

    There are several reasons that an insurance policy can cost more or less at different agencies. Some of the more common reasons ... Read Full Answer >>
  3. Why should I keep track of my insurance policy?

    The number one thing to remember about insurance is that, just like everything else, it changes over time. The top-of-the-line ... Read Full Answer >>
  4. Should I be worried about my insurance company?

    Yes, policyholders should always take a serious look at the financial stability of their current insurance company especially ... Read Full Answer >>
  5. How does adverse selection affect insurance premiums?

    Any limits on an insurance provider's ability to appropriately price risk – to economize on important information – might ... Read Full Answer >>
  6. What would privatized Social Security mean for Americans?

    The current Social Security system in the United States operates in a pay-as-you-go framework; the Social Security taxes ... Read Full Answer >>
Related Articles
  1. Insurance

    Buying Private Health Insurance

    Getting your own policy isn't easy or cheap but in some cases, it's well worth the effort.
  2. Options & Futures

    What's The Difference Between Medicare And Medicaid?

    One program is for the poor; the other is for the elderly. Learn which is which.
  3. 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.
  4. Retirement

    Failing Health Could Drain Your Retirement Savings

    You may not be able to prevent illness, but it doesn't have to infect your savings.
  5. Taxes

    Are Taxes the Solution for Income Inequality?

    Income inequality continues to increase. Why? And are taxes the solution?
  6. Professionals

    Tips for Retiring Without Long Term Care Insurance

    Long term care insurance is as pricey as it is important. Here are tips for how to manage retirement and meet healthcare costs without a policy.
  7. Personal Finance

    The Economic Cost Of An Obese Society

    Slowly becoming a global health epidemic, the prevalence of obesity has risen drastically over the past two decades.
  8. Retirement

    Some Tax Considerations For Your Retirement Income

    Even if you don’t plan to retire, it’s still a good idea to think ahead about where to live, your income and how it all interacts with Social Security.
  9. Professionals

    Advisors Should Consider a 'Dementia Protocol'

    Diminishing mental capacity can strike any aging client, that's why advisors should push clients and their families to incorporate a 'dementia protocol.'
  10. Professionals

    How Advisors Can Help Protect Vulnerable Clients

    With longevity increasing, advisors will need to consider how to best serve aged clients.

You May Also Like

Hot Definitions
  1. Expected Return

    The amount one would anticipate receiving on an investment that has various known or expected rates of return. For example, ...
  2. Carrying Value

    An accounting measure of value, where the value of an asset or a company is based on the figures in the company's balance ...
  3. Capital Account

    A national account that shows the net change in asset ownership for a nation. The capital account is the net result of public ...
  4. Brand Equity

    The value premium that a company realizes from a product with a recognizable name as compared to its generic equivalent. ...
  5. Adverse Selection

    1. The tendency of those in dangerous jobs or high risk lifestyles to get life insurance. 2. A situation where sellers have ...
Trading Center