Colorado Long-Term Care Partnership Program

 

Colorado's Long-Term Care Partnership is an alliance between the private insurance companies and the state government to help Colorado residents plan for their long-term needs without depleting all of their assets to pay for care. It is designed to encourage and reward Colorado residents for planning ahead for future long-term care needs.

Colorado's Partnership Program became available for sale January 2008. For every dollar that the insurance company pays out in benefits, is a dollar of your personal assets that will be protected if you need to apply for Medicaid.

The average costs of care on a daily basis in the state of CO are listed below:

Homemaker Services
$122
Home Health Aide
$129
Adult Day Care
$62
Assisted Living Facility
$122
Nursing Home, Private Room
$231
Nursing Home, Semi-Private Room
$206

*This information came from the Genworth 2012 Cost of Care Survey.

For further information on the Colorado Partnership Program, click here.

Click here to request a Colorado Long-Term Care Insurance Partnership Quote.