More Ways To Pay For Assisted Living
While many families use their own funds or personal assets to pay forassisted living, there are plenty of additional options to cover these costs.Some additional ways to finance assisted living costs include:
- Veterans Benefits
- Long-Term Care Insurance
- Reverse Mortgage
For more information about different ways to finance assisted living,visit our Assisted Living in Colorado page.
The Retreat At Sunny Vista
Lovely landscaped grounds surround The Retreat at Sunny Vista, which enhance the community’s outdoor seating areas and walking paths. Inside, its cozy fireplace and common areas provide comfortable places for residents to converse and read. Seniors are encouraged to remain active and live meaningfully through the community’s multidimensional approach to overall wellness, which features engaging programs, events, volunteer opportunities and spiritual services. Chef-prepared snacks and meals are fixed from fresh, organic ingredients each day, and special dinners, parties and live cooking demonstrations take place regularly.
- Assisted living and memory care apartments
- Full-service restaurant with dine-in and takeout
Colorado Medicaid Hcbs Waiver Program
Colorado has a Medicaid Home and Community-Based Services waiver program, which is designed to provide assistance to eligible individuals so that they can remain living independently at home and in assisted living facilities instead of in nursing homes. Assistance offered under this program, called the Elderly, Blind, and Disabled Waiver, may include adult day care, personal care assistance, alternative care facilities, in-home support services, and personal emergency response systems.
Generally, the EBD Waiver program offers services that accompany or add to services applicants receive through Health First Colorado, other government programs, and family- and community-based supports. To qualify for the EBD Waiver, applicants must meet certain financial and program criteria, and they must be willing to receive services in the home or community. The EBD Waiver program has rules and requirements in addition to those of Health First Colorado, and the program may have waitlists.
If you are already enrolled in Health First Colorado, you can start the waiver application process by contacting your local Single Entry Point Agency. Individuals not yet enrolled in Health First Colorado can apply here.
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Colorado Old Age Pension Program
The Colorado Old Age Pension program helps to financially assist and maintain a minimum monthly income for low-income residents 60 years or older. This program offers to help make up the difference between what the resident brings in and what the state determines to be a minimum income for that year.
Who is Eligible?
To qualify for the OAP Program an applicant must meet the following criteria:
- Must be between 60-64 years old
- Must be a Colorado resident
- Must be a U.S. citizen or legal immigrant
- Must have countable resources less than $2,000 or less than $3,000
- Must not have a monthly income that exceeds $788
- Must not qualify for Health First Colorado
How to Apply
To apply or learn more about OAP you can contact your local County Department of Social Services.
The Best Assisted Living Facilities In Colorado Springs Co
At AssistedLiving.org, we are passionate about connecting seniors and their loved ones with supportive assisted living communities that offer the care and services that allow older adults to age gracefully and independently.
In order to find the top assisted living communities in the Colorado Springs area, our team of researchers sorted through 175 communities using our unique methodology. Our team:
- Spent over 28 hours researching assisted living communities in Colorado Springs
- Interviewed 14 facility staff members
- Read more than 150 reviews left by residents and their family members
After filtering out facilities that didnt meet our high standards, we were left with 19 assisted living communities that earned our seal of approval. Through this process we discovered that the average cost of assisted living in the city of Colorado Springs is $4,000, which is very similar to the state average of $4,095 and the national average of $4,051.
Christina Drumm-Boyd
Christina Drumm-Boyd
Christina is a Certified Senior Advisor and Geriatric Care Manager who is passionate about seniors and their families. Along with her staff, Christina works hands-on with each client to find the best solutions for the challenges that often come with aging.
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Assisted Living Laws And Regulations In Colorado
Assisted Living Service Plan Requirements
Assisted living facilities in Colorado are required to have a written care plan for each resident that is reviewed at least annually. These plans must be based on a complete assessment that evaluates health, behavioral, social and physical needs and strengths. Care plans should also outline whether a senior:
- self-administers medication or needs help from staff
- needs assistance with any activities of daily living
- has activity restrictions ordered by their doctor
- has any dietary needs or restrictions
Assisted Living Admission Requirements
Assisted living facilities in Colorado cannot admit residents who are consistently and completely incontinent unless the resident or the facilitys staff can ensure that it doesnt become a health hazard for other residents. Facilities cannot admit residents who are entirely bedridden with limited potential for improvement, require 24-hour skilled nursing care, have an acute substance abuse problem, have a communicable disease or are in need of restraints.
If a current resident becomes bedridden, they may continue living in the community if there are enough staff members trained in meeting the needs of bedridden residents, a licensed hospice of home health service ensures that the resident’s physical, social and emotional needs are met, and a physician outlines the care services the resident needs.
Assisted Living Scope of Care
Assisted Living Medicaid Policy
Assisted Living Facility Requirements
Medicaid Income Rules In Colorado
In Colorado, a single person can have a monthly income up to only $2,313 in 2019 and qualify for Medicaid-paid nursing home care. The Medicaid income limit for a married couple, with both spouses applying, is $4,626 per month in 2019. These LTC income limits may be higher than the income limit for those applying for other health care benefits from Medicaid.
For purposes of determining Medicaid eligibility, any income an applicant receives, from any source, is considered. However, when only one spouse of a married couple applies for Medicaid, the income of the non-applicant spouse is not counted, so that he or she has enough funds on which to live. Additionally, the non-applicant spouse is entitled to a minimum monthly needs allowance, which may range from $2,113.75 to $3,160.50 .
If you qualify for Medicaid and live in a nursing home, you will be expected to spend almost all income on your care. Colorado allows nursing home residents receiving Medicaid to keep only $84.41 per month as a personal needs allowance.
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The Palisades At Broadmoor Park
The Palisades at Broadmoor Park follows a holistic care philosophy that focuses on relationship-based care and physical, intellectual and spiritual well-being. Management plans a full activity calendar each month with fitness classes, crafts, games, social events and Bible studies. Its expansive campus includes neighborhoods with independent living, assisted living and memory care apartments, and residents receive an individual care plan upon moving in. We added the Palisades at Broadmoor Park in our top 10 list because of its innovative programs, such as Home 2 Stay, which helps reduce emergency room visits and hospitalizations through preventative technology and techniques.
- MBK Mind and Body Wellness event calendar
- Indoor salt water pool
Free Assisted Living Resources In Colorado
Colorado offers several free resources for seniors and their families who are researching their long-term care and financing options.
Colorado Area Agencies on Aging
Colorado has numerous local aging programs that provide information and services to seniors and their family members. Some services include mobility assistance programs, meal delivery and respite care. Find out more about Colorados Area Agencies on Aging at these regional offices.
249 Warren Avenue, P.O. Box 2308, Silverthorne, CO 80498 468-0295
3482 Broadway St., Boulder, CO 80304 441-3570
1290 Broadway, Suite 100, Denver, CO 80203 480-6700
128 Colorado Avenue, Stratton, CO 80836 348-5562
2601 Midpoint Drive, Suite 112, Fort Collins, CO 80525 498-7750
13 West 3rd, La Junta, CO 81050 383-3166
231 Main Street, Suite 211, Fort Morgan, CO 80701 867-9409
510 29 1/2 Road, P.O. Box 20000, Grand Junction, CO 81502 248-2717
15 South 7th Street, Colorado Springs, CO 80905 955-0742
2631 East 4th Street, Pueblo, CO 81001 583-6120
300 N Cascade, Suite 1, Montrose, CO 81401 249-2436
451 Hot Springs Blvd., Pagosa Springs, CO 81147 264-0501
1116 3rd Street, PO Box 420, Alamosa, CO 81101 589-4511
300 S. Bonaventure Avenue, Trinidad, CO 81082 845-1133
139 East 3rd Street, Salida, CO 81201 610-3341 539-3341
315 N. 11th Ave, Bldg. C, Greeley, CO 80631 346-6950
4999 Pearl East Circle, Suite 106, Boulder, CO 80301 440-7306
602 South Nevada Avenue, Colorado Springs, CO 80903 471-9992
Trinidad Social Security Office 81082
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Long Term Care Medicaid
- AddressLarimer County Human Services1501 Blue Spruce Dr.
- Phone 498-6300 Fort Collins and Loveland
- Phone 498-7750 Assistance with Applications
- Phone 498-7780 Assistance with Functional Eligibility
- HoursPlease call or visit website for hours of operation.
- Fees:Please contact provider for fee information.
- Application Process:Call or visit website for additional information.
- Eligibility Requirements:Please call service provider or visit website to learn more about eligibility requirements.
- Payment/Insurance Accepted:Please contact provider for accepted forms of payment.
- ADA Access:Please contact facility for accessibility information.
Sunrise At University Park
Sunrise of University Park invites seniors to work with an on-staff design team to personalize their private residence. Assisted living, memory care and respite stays are available, and the award-winning community uses a resident-centered care model that individualizes services and wellness plans. Residents are treated to three meals a day from menus designed by a professionally trained chef, and options are included for individuals with special dietary restrictions, such as pureed diets.
- Outdoor courtyard, porch, grilling station and dining areas
- Pet-friendly community with resident pet
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Medicaid Eligibility In :
- Eligibility is determined by an applicants local county department of social services.
- Medicaid has both financial and medical related requirements.
- Income limit Up to 300% of the Social Security Income rate, adjusted annually. There is a personal needs allowance of $84.41 per month that is not factored into the countable income
- Resource limit $2,000 for individuals and $3,000 for couples both on Medicaid LTC.
- Must be 65+, or disabled, or blind.
- OR the applicant must be in a medical institution for 30+ consecutive days , receiving nursing facility level of care in the community for HCBS, or a combination of both.
An individual receiving Medicaid LTC Services in a LTC facility is required to make a monthly payment towards the cost of care to the facility. The payment is based on gross monthly income with deductions.
The countys department of human services configures the payment towards the cost of care as follows:
- Gross monthly income
- Minus $80 of personal needs allowance
- Minus potential deductions:
- Additional miscellaneous allowances allowed by law
Assets/Resources for 2021: Resources are divided into two categoriescountable and exempt.
Countable resources include: cash, checking accounts, savings accounts, CDs, mutual funds, IRAs, investment portfolios, bonds, life insurance policies totaling more than $1500, vehicles if more than one is owned, properties.
Spousal Rules in 2021:
Get The Insights You Need To Find The Right City
Families looking for assisted living in Colorado have a wide array of communities to choose from, since it’s estimated that there are more than 30,000 assisted living communities serving seniors across the U.S., and over 444 statewide. The state is also home to a rapidly growing number of senior citizens, with adults over 65 making up an estimated 14 percent of the population. A resident in an assisted living community in Colorado will pay $3,850 per month on average.
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Assisted Living In Colorado
We have gathered data for over 20,000 assisted living communities serving seniors across the U.S., and over 400 statewide. Our research indicated that a resident in an assisted living community in Colorado will pay $4,000 per month on average.
With a growing senior population, Colorados scenery and outdoor activities make it an attractive state in which to retire. Older adults have a wide selection of communities to choose from in the state there are assisted living facilities in rural farming communities, mountain towns, and major metropolitan areas.
How Much Does Nursing Home Costs In Colorado Springs
The cost of nursing home care in Colorado Springs is slightly lower than the state average. With rates similar to Pueblo and Grand Junction, it was one of the more affordable metropolitan areas included in the survey. Compared to Boulder, seniors in Colorado Springs spend approximately 20 percent less on nursing care. The areas also more affordable than Denver, Fort Collins and Greely.
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Colorado Long Term Care
Colorado is an income cap state for 2021, meaning that in order to be eligible for Medicaid long term care benefits there is a hard income limit. Non income cap states allow applicants to spend down money for their care, whereas income cap states require the amount to be no higher than their limit at time of application.
Unlike traditional Medicaid sponsored long term care, Colorado has what they call a long term care partnership. The partnership melds together private insurance and state funds. This is a beneficial system for recipients who do not wish to deplete all of their assets paying for care. It is designed to reward residents who have planned ahead for their long term care needs. Colorado allows insurance companies to sell LTC partnership policies and guarantees that for every dollar paid out by an LTC partnership plan, a dollar of the recipients personal assets can be protected. Protected assets are ignored when reviewing an applicants financial eligibility and during estate recovery after a long term care recipients death. LTC partnership policy holders who apply for Medicaid are able to keep assets above the $2,000 Medicaid asset maximum.
Types of Care in 2021:
Long Term Care Services can cover a nursing facility stay or community based services . An individual receiving HCBS is not required to make a payment towards the cost of care.
NOTE:
More About Independent Living Assisted Living And Memory Care In Denver
Below, youll find additional information about independent living, assisted living, memory care, and other levels of care that are available for seniors in the Denver metro area.
Senior Advisors In Denver: Senior advisors can help you find the best community or facility for yourself or someone you love. Typically, they dont charge seniors or families instead, theyre paid by the communities and facilities.
Check Out Annual Health Ratings And Reports: The Colorado Department of Public Health and Environment licenses and regulates all of the assisted living facilities and nursing homes in Colorado. The CDPHE conducts annual health surveys of the facilities and tracks occurrences and complaints, and this information is available to the public.
Independent Living in Denver: Indoor skydiving outings. Virtual reality headsets. Bocce courts. Outdoor fireplaces and rooftop dining. Many of the independent living complexes in the Denver metro area today seem more like resorts than the old folks homes of years past. And better yet, most of them are offering assisted living and memory care options within the same community so that seniors can age in place.
Respite Care in Denver: For caregivers who are helping a senior, respite care can be extremely beneficial. Many assisted living, residential care homes, and memory care facilities have respite care available, which they also sometimes refer to as short-term stays.
Please see our Site Map here.
Seniorgevity | 222-5281|
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We Love Serving Our Community
At Castle Rock Assisted Living & Home Care, we help seniors continue to have meaningful life experiences by providing quality care and compassion in our home or yours throughout Douglas County & the surrounding area.
We know it may be overwhelming to transition your parents into Assisted Living or Home Care, so we are here to assist as you navigate whats right for your mom or dad. Whether your parent is still independent and just needs more assistance than they used to, or theyre in need of more monitored care after a fall or other accident, we offer high-quality care in our home or yours.
Come to us first, and let us make your parents transition into Assisted Living or Home Care their greatest years yet.
Medicaid ~ Denver Colorado
Medicaid is a federal program, administered by the states, that provides health care for low-income people, including seniors.
To qualify for Medicaid, a seniors income and assets have to fall below certain levels, known as the means test.
Many assisted living facilities, memory care facilities, and nursing homes throughout the Denver metro area accept Medicaid.
Before a senior can qualify for Medicaid, he or she needs to meet with a case worker who will assess the financial situation. If there are assets, the senior will have to enter the facility as a private pay patient or resident and spend down the assets until he or she qualifies for Medicaid.
Seniors cannot give away assets or hide income, in the hopes of qualifying for Medicaid. Medicaid has a five-year look back period to see how seniors spent, transferred, or gifted money to ensure that they havent done anything fraudulent in order to qualify for Medicaid benefits.
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Financial Assistance For Assisted Living In Pueblo
Eligible seniors can apply to Health First Colorado, the state Medicaid plan. This plan covers costs for assisted living and also provides waivers for seniors. Three non-state funded programs are also available to qualified individuals.
Learn more about these programs, plus whos eligible, on ourAssisted Living in Colorado page.