Children's Health Insurance Program (CHIP)
A joint state and federal initiative offering affordable health coverage for children in families whose income exceeds Medicaid limits but falls short of affording private insurance.
Detailed Explanation
CHIP helps ensure that children from working families have access to necessary healthcare services, including doctor visits, immunizations, and hospital care.
Practical Example
Mark and his wife earn a modest income and don't qualify for Medicaid in their state. However, their two children are eligible for CHIP, which provides them with affordable health insurance for check-ups and any unexpected illnesses.
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