How much do you know about Medicaid, the state and federally-funded health insurance program? Whether you’re currently on Medicaid or looking to get covered, here’s a quick and easy breakdown of this program.
What is Medicaid?
Signed into law in 1965, Medicaid is a state and federally-funded program that provides health coverage to eligible low-income adults (including pregnant women), low-income individuals age 65 and older, children and people with disabilities. As of December 2018, 65.8 million Americans are enrolled in Medicaid, making it one of the largest sources of health care funding in the US. In Michigan, over 2.2 million people have Medicaid.
Most people on Medicaid get their insurance through a private insurer. We work with the government to provide Medicaid services through our network of doctors and hospitals. There is a list of services required by law to be covered. States can also choose to cover more services like dental care, vision, and physical therapy.
Cosmo Insurance Agency is an independent insurance agency serving surrounding communities in New Jersey. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating the latest in technology-based tools and laws on healthcare, employee benefits, life insurance and finance, we keep our clients up-to-date with the plans that encompass all of their needs, whether it is individual or group insurance.
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