Are you confused about Medicaid, what it is and how it works? In this video, you will learn everything you need to know about Medicaid so that you can feel confident in your understanding of it. Medicaid is a program that primarily helps low-income people pay for their medical costs. Eligibility can also be determined by a few other factors, such as age and health.
The FPL, or Federal Poverty Level, is determined each year. Each state decides at what percentage of the FPL a person can be eligible for Medicaid. That means, different states have different income level requirements, but they are all based around the FPL. A lot of states have even extended the eligibility to over the FPL so that more and more people can be eligible despite having an income above the FPL. Medicaid is funded by both the federal and state governments. The program enables people to get the medical care they need when they otherwise would need to fall on different and less reliable means.