Medicaid vs CHIP
Compare Medicaid and CHIP: eligibility requirements, benefit values, and which one is right for you.
Medicaid
Free or low-cost comprehensive health coverage for low-income adults and families.
CHIP
Low-cost health coverage for children in families that earn too much for Medicaid.
Key Differences
| Aspect | Medicaid | CHIP |
|---|---|---|
| Category | Healthcare | Healthcare |
| Value Range | $3,600-$8,400/yr | $2,400-$6,000/yr |
| Income Limit | 138% FPL | 250% FPL |
| Processing Time | 15-45 days | 7-30 days |
| Renewal | Every 12 months | Every 12 months |
| Agency | Centers for Medicare & Medicaid Services | Centers for Medicare & Medicaid Services |
Can You Get Both?
Generally, receiving Medicaid may affect your eligibility for CHIP (or vice versa). Check the specific program rules for your state.
FAQ
What is the difference between Medicaid and CHIP?
Medicaid: Free or low-cost comprehensive health coverage for low-income adults and families. CHIP: Low-cost health coverage for children in families that earn too much for Medicaid. They serve different purposes and have different eligibility requirements.
Can I get both Medicaid and CHIP?
Generally no — receiving one may make you ineligible for the other.
Which is worth more?
Medicaid is worth $3,600-$8,400/year. CHIP is worth $2,400-$6,000/year.