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Medicaid

A joint federal and state program that provides health coverage to low-income individuals and families, including children, pregnant women, the elderly, and people with disabilities.

Payment limit

A maximum amount of federal funding that a state or territory can receive for its Medicaid program, often referred to as a 'cap'.

Fiscal year

A 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 foundational U.S. law enacted in 1935 that created a system of social insurance, including Social Security retirement benefits, Medicare, and Medicaid.

Northern Mariana Islands

A commonwealth of the United States located in the western Pacific Ocean, whose residents are U.S. citizens.

American Samoa

An unincorporated territory of the United States in the South Pacific Ocean, whose residents are U.S. nationals.