Long-term care is expensive, so we created this 2021 Colorado Medicaid Planning download so you can determine whether you or your loved one can get financial assistance. Did you know it will cost more than $105,000 this year for someone to be cared for in a Colorado nursing facility?
Many individuals cannot afford to pay such an expense out of pocket. Even people who have saved for retirement and their long-term care have trouble meeting this cost. Individuals with low income or high medical bills relative to their income and assets can receive the nursing facility care they need through Medicaid assistance.
2021 Colorado Medicaid Planning
Individuals and couples who anticipate needing long-term care – and help paying for it – could really benefit from Medicaid planning. There are strict income and asset Medicaid eligibility rules that can disqualify people for assistance for months or years.
These rules change annually, and they are specific to each state. Download Colorado’s 2021 Medicaid income rules.
Contact our Medicaid Planning Attorneys
If you have questions, please reach out for a free consultation. You may contact our office at 303-688-0944, or you may schedule your meeting online when you click here.