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There are a few important differences between Medicare and Medicaid, and there are several pros and cons of each. First, Medicaid is administered by the state, while Medicare is provisioned by the federal government. The second major difference is that people’s eligibility requirements for Medicaid is for anyone earning a certain threshold income, while Medicare is for anyone who meets the disability requirements or is over the age of 65. Medicaid covers basic health care and prescription drug costs. It also includes long-term care, dental, eyeglasses, and medical equipment. Medicare covers medical necessities and services. Some states charge a fee for Medicaid, though it’s generally free, while there are annual deductibles and coinsurance payments for Medicare; premiums are set at the federal level. Medicaid also has some automatically eligible groups, such as people receiving supplemental security income.

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