Plain-English definitions for the terms you'll encounter on your financial journey.
Children's Health Insurance Program is a government-funded initiative that provides low-cost health coverage for children in families who earn too much to qualify for Medicaid but cannot afford private insurance.
The status of an individual who qualifies for benefits from both the Medicare and Medicaid programs at the same time.
A joint federal and state program that provides health coverage to people with low income, including families, seniors, and people with disabilities.
A process where a state Medicaid program seeks to be paid back from the assets of a deceased recipient for certain long-term care costs paid on their behalf.