The most utilized government health insurance plans are Medicaid, Medicare, and the Children’s Health Insurance Program (CHIP). Each of these three programs have different requirements you must meet to qualify and enroll.
However, if you do ultimately qualify for enrollment, you can potentially pay very little, or nothing at all, for healthcare. Medicaid is a healthcare insurance program offered through the U.S. government that provides medical coverage for disadvantaged groups.
You can qualify for enrollment in Medicaid if you have a low income that meets your state’s regulations. In some states, however, you will also need to meet certain other requirements in order to receive Medicaid coverage.
Factors that influence whether the government considers your income low include:
- The size of your household.
- Your age, such as a child or older than 65 years of age.
- If you are pregnant.
- If you are disabled.
- If you have certain fatal conditions.
Medicare is another government health insurance program that is specifically for seniors.
You can sign up around your 65th birthday. If you have paid into Medicare for enough time, you can get Medicare Plan A for free. You may qualify for a joint Medicare Medicaid insurance plan if you have a low income and are 65 years of age or older.
CHIP is a part of Medicaid but is specifically for children. CHIP is less strict income guidelines, so your children may qualify for no- to low-cost coverage even if you make too much to enroll in Medicaid.
If you are too old for CHIP and too young for Medicare, you may consider finding private group insurance instead of a government plan.