Published: | Updated: September 30, 2017

Definition - What does Medicaid mean?

Medicaid is a government program that helps provide health insurance for people who may have trouble affording private health insurance policies and don't receive health coverage through their employer.

While Medicaid is run by state governments, the bulk of the funding for Medicaid comes from federal taxes.

Insuranceopedia explains Medicaid

People who qualify for Medicaid can get access to health insurance that is either fully or partially subsidized by the government.

People of all ages can potentially qualify for Medicaid. However, to qualify, they must meet certain criteria. They must, for example, be a citizen of the United States and have either a low enough income or certain disabilities.

Although most states participate in the Medicaid program, they retain the right to abstain from it.

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