Asked by Terry Valentine on Apr 28, 2024
Verified
The means-tested U.S.government health insurance program is:
A) Medicare.
B) Medicaid.
C) the Veterans Administration.
D) health savings accounts.
Means-Tested
A method of determining eligibility for certain types of financial or social assistance based on the applicant's means or income and assets.
Medicaid
A social health care program for families and individuals with low income and limited resources in the United States, jointly funded by the state and federal governments.
- Comprehend the financing methods for Medicaid and distinguish them from those of Medicare.
Verified Answer
RO
Raymond OfoegbuMay 02, 2024
Final Answer :
B
Explanation :
Medicaid is the means-tested U.S. government health insurance program, designed to provide health coverage for low-income individuals and families. Medicare is a federal health insurance program for those who are 65 or older, those with certain disabilities, and those with end-stage renal disease. The Veterans Administration provides healthcare services to eligible veterans. Health savings accounts are not a government health insurance program, but a type of savings account that individuals can use to pay for certain medical expenses.
Learning Objectives
- Comprehend the financing methods for Medicaid and distinguish them from those of Medicare.