Medicaid is a joint federal and state program that gives totally free or incredibly low-cost health coverage to millions of Americans.
Who gets it?
In most states, Medicaid is based purely on your current monthly income. If you make less than 138% of the Federal Poverty Level (around $1,732 a month for a single adult in 2024), you automatically qualify in the 40 states that 'expanded' Medicaid.
Is it really free?
Yes. There are usually zero monthly premiums. Doctor visits are free. Hospital stays are free. Prescriptions might cost $1 to $3. The only downside is that fewer doctors accept Medicaid compared to private insurance, so finding a specialist can sometimes take a bit longer.