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Key Medicaid Information for
Colorado

Protections for the Community Spouse

Community Spouse Resource Allowance (CSRA)
Minimum: $123,600
Maximum: $126,420
Increased CSRA
Permitted. Colorado follows the income-first rule.
Annuities
Actuarially sound annuities are permitted.
Monthly Maintenance Needs Allowance
Minimum: $2,057.50
Maximum: $3,160.50

Transfers

Average monthly cost of nursing home care according to state
$7,828
Has a Long-Term Care Partnership program been implemented?
Yes

Assets

Are IRAs and other retirement plans protected (noncountable)?
No
State’s resource limit for Medicaid recipients:
$2000

Income

Is the state an "income cap" state?
Yes
Monthly personal needs allowance for nursing home residents:
$84.41

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

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.
$585,000

Elder Law Attorneys who offer Medicaid Planning services in Ashburn, VA

Evan Farr

Farr Law Firm
Fairfax, VA

Margaret O'Reilly

Margaret A. O'Reilly, PC
Herndon, VA

Daniel Steven

Daniel N. Steven, LLC
Rockville, MD

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