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    Definition of medicaid

    Dictionary of Business Terms: medicaid
    medicaid

    jointly administered federal and state government health insurance provided under Title XIX of the 1965 amendment of the Social Security Act. Medicaid provides health insurance assistance for people who have low income and limited assets. It is usually run by state welfare or human service agencies. A person may qualify for both medicare and Medicaid or for only one of the programs.

    Dictionary of Finance and Investment Terms: medicaid
    medicaid

    a joint federal-state medical assistance program for financially needy people, including the aged, blind, and disabled, and families with dependent children. Benefits vary from state to state. Officially known as Title XIX of the Social Security Act, Medicaid was enacted in 1965 at the same time as medicare.

    Dictionary of Insurance Terms: medicaid
    medicaid

    assistance program for the financially needy. Medicaid, also referred to as Title XIX of the Social Security Act, was enacted in 1965 at the same time as medicare. It is a joint federal-state program that provides medical assistance for the aged, blind, and disabled, and families with dependent children who cannot pay for such assistance themselves. Benefits vary widely among the states.

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