Protections for the Community Spouse
| Community Spouse Resource Allowance (CSRA): | Minimum: $120,900 Maximum: $120,900 |
| Increased CSRA: | Permitted. Colorado follows the income-first rule. |
| Annuities: | Actuarially sound annuities are permitted. |
| Monthly Maintenance Needs Allowance: | Minimum: $2,003 Maximum: $3,023 |
| For explanation, click here. | |
Transfers
| Average monthly cost of nursing home care according to state: | $7,854 |
| For explanation, click here. | |
| Has a Long-Term Care Partnership program been implemented? | Yes |
| For explanation, click here. | |
Assets
| Are IRAs and other retirement plans protected (noncountable)? | No |
| For explanation, click here. | |
| State’s resource limit for Medicaid recipients: | $2,000 |
| For explanation, click here. | |
Income
| Is the state an "income cap" state? | Yes |
| For explanation, click here. | |
| Monthly personal needs allowance for nursing home residents: | $80 |
| For explanation, click here. | |
Estate Recovery
| Has the state expanded the definition of "estate" beyond the probate estate? | No |
| Has the state included a hardship provision in its estate recovery plan? | Yes |
| For explanation, click here. | |
Home Equity Limit
| The state Medicaid program will not cover long-term care services for those with home equity above this limit, with certain exceptions. | $560,000 |
| For explanation, click here. |
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