Final answer:
The term 'waiver programs' allows Medicaid funds to be used for community support instead of just institutional placements for the elderly and disabled.
Step-by-step explanation:
The term "waiver programs" refers to the practice where Medicaid funds normally used for institutional placements such as nursing homes can be reallocated to support community-based services for older adults and individuals with disabilities. This allows for a more flexible use of Medicaid resources, giving beneficiaries the ability to receive care in their homes or community settings rather than being limited to institutional care.