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Medicaid

A joint federal and state program that helps cover medical costs for low-income people, pregnant women, children, the elderly, and people with disabilities.

Federal Medical Assistance Percentage (FMAP)

The percentage of a state's or territory's Medicaid costs that the federal government pays. This percentage varies by state and is often based on per capita income.

Fiscal Year

The 12-month period that a government or company uses for budgeting and accounting. The U.S. federal government's fiscal year runs from October 1 to September 30.

Social Security Act

A landmark law enacted in 1935 that created a system of social insurance, including programs like Social Security and, later, Medicaid and Medicare.

District of Columbia

The federal capital territory of the United States, which functions similarly to a state for many purposes but lacks full statehood and Congressional representation.