Before you learn more about Medicaid planning, you’ll first want to better understand what this government program is all about.
Medicaid.gov defines Medicaid as follows:
“Medicaid is a joint federal and state program that, together with the Children’s Health Insurance Program, provides health coverage to over 72.5 million Americans, including children, pregnant women, parents, seniors and individuals with disabilities. Medicaid is the single largest source of health coverage in the United States.”
As you can see, Medicaid is responsible for bringing healthcare to tens of millions of Americans. Although you may not be eligible for Medicaid today, you could make key financial planning decisions that allow you to receive benefits in the future.