Which federal program provides health coverage for low-income individuals and families?

Medicaid is the federal program designed specifically to provide health coverage for low-income individuals and families. It offers a safety net for those who may not have access to health insurance through their employer or who cannot afford private insurance. Medicaid is jointly funded by the federal government and states, and it varies by state in terms of eligibility criteria, benefits, and services covered.

The program serves various groups, including children, pregnant women, elderly individuals, and people with disabilities, ensuring that essential health services are accessible to those with limited financial means. For many low-income individuals and families, Medicaid is crucial in alleviating the financial burden of healthcare costs and improving overall health outcomes.

While Medicare primarily serves older adults and individuals with certain disabilities, CHIP extends coverage to families with incomes too high to qualify for Medicaid but too low to afford private insurance. Marketplace insurance typically refers to plans available through the Health Insurance Marketplace, which are aimed at individuals and families who do not qualify for Medicaid or Medicare.