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The Importance of Medicaid for Older Americans

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  • Alicia H. Munnell

Abstract

Most people think of Medicare – not Medicaid – as the health program for older Americans, but Medicare does not cover long-term care services (LTSS).Medicaid does pay for LTSS for those with low incomes and also helps cover their Medicare out-of-pocket costs.As a result, those ages 65+ account for 10 percent of total Medicaid enrollees and 20 percent of its spending.Looking ahead, Medicaid may not keep pace with rising demand for LTSS, so a heavier burden may fall on family caregivers or more needs may go unmet.

Suggested Citation

  • Alicia H. Munnell, 2024. "The Importance of Medicaid for Older Americans," Issues in Brief ib2024-22, Center for Retirement Research.
    • Handle: RePEc:crr:issbrf:ib2024-22
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    File URL: https://crr.bc.edu/the-importance-of-medicaid-for-older-americans/
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