Medicaid

Medicaid offers affordable health insurance for seniors living with a low income. It is a public health insurance program that offers free or low-cost insurance for those who qualify.

Individuals who are over age 65 and on Medicare can still qualify for Medicaid if they happen to meet the income criteria. But remember that Medicaid is a state-run program.

So, income criteria and coverage vary from state to state. Let’s look at some pros and cons of this retirement health insurance option:

Pros
-Possible to qualify for Medicare and Medicaid for dual coverage
-Free or low-cost coverage

Cons
-Their benefits vary by state
-Income limits