What is Medicaid?

Medicaid is indeed a program that is jointly funded by state and federal governments to provide medical assistance to individuals and families who are low-income and unable to afford healthcare. This program is designed to help cover a range of health services, including hospital stays, doctor visits, long-term care, and preventative care, among others. It plays a crucial role in ensuring that vulnerable populations have access to necessary medical services regardless of their financial situation.

The other options do not accurately describe Medicaid. For instance, the description of a health care plan that controls medical costs through a network of providers relates more closely to managed care plans, which are distinct from Medicaid. Similarly, the program specifically designed for individuals aged 65 and older is Medicare, not Medicaid, which serves a broader demographic including people with disabilities and low-income families. Lastly, while Medicaid does assist low-income individuals, it is not specifically classified as supplemental insurance; rather, it serves as a primary source of healthcare coverage for eligible individuals.