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. Supplemental Security Income - ...

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

    A legal arrangement and fiduciary relationship that allows a ...
  5. Welfare

    Welfare is a government program which provides financial aid ...
  6. Social Security

    A United States federal program of social insurance and benefits ...
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. 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.
  4. 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.
  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. Long-Term Care Insurance

    These are not equal. Here's why you need to think twice before relying on the government-sponsored program.
  7. 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.
  8. Insurance

    What If Obamacare Is Repealed?

    During the campaign, Donald Trump promised to repeal Obamacare. If, as president, he follows through, how will that affect Americans?
  9. Insurance

    Trends Driving Managed Care M&A

    The uncertainty introduced by legislation has many managed care companies worried about potential financial losses. Companies are turning to M&A to offset their fears.
  10. Taxes

    The New Tax-Free Savings Accounts For the Disabled

    Due to the Achieving a Better Life Experience (ABLE) Act, many people with disabilities will have an easier time financing their lives, starting in 2016.
Hot Definitions
  1. Interest Expense

    The cost incurred by an entity for borrowed funds. Interest expense is a non-operating expense shown on the income statement. ...
  2. Call Option

    An agreement that gives an investor the right (but not the obligation) to buy a stock, bond, commodity, or other instrument ...
  3. Pro-Rata

    Used to describe a proportionate allocation. A method of assigning an amount to a fraction, according to its share of the ...
  4. Private Placement

    The sale of securities to a relatively small number of select investors as a way of raising capital.
  5. AAA

    The highest possible rating assigned to the bonds of an issuer by credit rating agencies. An issuer that is rated AAA has ...
  6. Backward Integration

    A form of vertical integration that involves the purchase of suppliers. Companies will pursue backward integration when it ...
Trading Center