Medicare vs Medicaid What's the Real Difference

There's a difference between Medicare and Medicaid. >> And Medicaid. They're not I hear this all the time from clients. Like someone once told me, you know, my Medicaid my Medicaid health insurance But what is the difference? >> Everybody when they turn 65 is on Medicare, okay? It's not an eligibility thing, it's an age. You turn 65, you're on Medicare and that's not has nothing to do with whether you're wealthy or you're not wealthy. As it's it's the government's way of giving you insurance as you age. There are ways to get onto Medicare earlier than 65 and that's with a disability. But generally >> [music] >> at 65 everybody is eligible and everybody goes onto onto Medicare and you have to go onto Medicare. >> And that's health insurance. >> That's health insurance and that's where you get into the conversation about supplemental and other other conversations around Medicare and getting making sure that you're covered [music] for health insurance. Health insurance though does not cover long-term care, okay? Does not cover long-term care. No health insurance covers long-term care. The only options when you get to long-term care are either you bought a long-term care policy specifically [music] generally when you were younger, much harder to buy when you're when you're older and you >> [music] >> um either just because of age or because of health reasons um and or because it's very very expensive. [music] Um so there is no insurance that covers long-term care. Medicare does not cover long-term care.