Medicare is a government administered health insurance program for older Americans generally over the age of 65. Because it is an entitlement program, anyone can qualify for Medicare regardless of their income or net worth.
Medicaid is a state- and federally-funded program that provides health coverage for low income individuals and families. Each state administers its own Medicaid program. It is “means tested” meaning that it is available only to those who meet certain income and asset tests.