Medicaid provides a basic health program and Children's Health Insurance Program (CHIP) in all states. These programs provide free or low-cost health coverage to millions of people with low-income and people with disabilities. The state and federal governments run both programs jointly and the details may vary by state, notes HealthCare.gov.
People qualify for these programs based on income, household size and other factors such as disability and age, explains HealthCare.gov. Application for these programs is open throughout the year. The coverage starts immediately for applicants who qualify. It covers medical care, such as hospital bills and doctor visits, long-term health services provided at home and long-term health services in nursing homes. It also pays for custodial care at home and in nursing homes. Federal requirements determine the overall rules for eligibility and the type of services covered, but states have some freedom on how to manage the programs.
To qualify for the programs, applicants should not exceed the assets and income required by their particular states. Federal requirements stipulate the types of groups states should cover, but states also have significant leeway of covering additional groups. The costs and coverage vary by states, but the programs follow federal guidelines. In many states, adults who are qualified for Medicaid means that their children will qualify for CHIP or Medicaid. People with Medicaid coverage do not need to buy a Marketplace insurance plan.