Definition of "Medicaid"

Brian Lord real estate agent
Brian Lord, Real Estate Agent RE/MAX Town Centre

Assistance program for the financially needy. Medicaid, also referred to as Title XIX of the Social Security Act, was enacted in 1965 at the same time as medicare. It is a joint federal-state program that provides medical assistance for the aged, blind, and disabled, and families with dependent children who cannot pay for such assistance themselves. Benefits vary widely among the states.

 

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