Colorado Long-Term Care

Important State Information

Federal Partnership Program

Colorado participates in the federal/state long-term care partnership program. The Colorado Long-Term Care Partnership Program is a public/private arrangement between long-term care insurers, Colorado's Medicaid program, the Division of Insurance, the Department of Human Services and the citizens of Colorado. It enables Colorado residents who purchase qualifying Long-Term Care Insurance to have more of their assets protected if they later need the state Medicaid program to help pay for their long-term care.

Policy Example

This additional asset safeguard is called dollar-for-dollar asset protection. If your Colorado Partnership Long-Term Care policy pays $450,000, for example, that same amount will be disregarded when calculating the spend-down requirements for Medicaid. The Partnership Program also protects those assets after death from Medicaid estate recovery.

Colorado is using this approach to give its citizens greater control over how they finance their long-term care and to help shore up the public safety net against upcoming demographic pressures.


Most states have reciprocity with other states' long-term-care partnership programs including Colorado. This means if you move from or to Colorado your additional partnership asset protection will be honored.


Long-Term Care Medicaid spend down is $2,000. A spouse’s minimum asset allowance is $126,420. Your spouse’s minimum monthly income allowance is $2,057.50. *

For more information about the Medicaid program visit

Rate Stability Rules

In addition, Colorado consumers enjoy additional peace-of-mind as the state has adopted Long-Term Care Insurance Rate Stability Rules.  These rules, developed the National Association of Insurance Commissioners, makes it much harder for an insurance company to get an approved rate increase.

Products Approved in Colorado

A variety of affordable products are approved in Colorado for Long-Term Care planning. In addition to the traditional policies, including partnership certified policies, Colorado residents can consider limited duration policies and asset-based “hybrid” plans.

Tax Incentives

Colorado has a state income tax credit equal to the lesser of 25% of premiums paid for an LTC insurance policy, or $150 per policy. Individuals who qualify for the credit are those with federal taxable income less than $50,000 ($100,000 for joint filers claiming credit for 2 policies). The federal tax incentives also apply.

*The federal government sets a new minimum and maximum amounts each year, but states can set their own minimum requirements at any level between the federal limits. This information is based on the best available sources.

Colorado state emblem
State Breakdown
State Partnership Program
State Tax Incentives
Federal Tax Incentives
Rate Stability Rules
Medicaid Spend Down $2,000
Minimum Asset Allowance $126,420
Minimum Monthly Income Allowance $2,057.50
Sponsored Advertisement

Calculate the Cost of Care in Colorado

View the costs of Long-Term Care in your area. Use the slider below to view future costs of care services with inflation.

Colorado Median
Long-Term Care 2019 2034(+16 Years) 2019 2034(+16 Years)
Homemaker Services $58,916 $91,789(+$34,589) $65,986 $102,804(+$38,740)
Home Health Aide $60,683 $94,543(+$35,627) $65,986 $102,804(+$38,740)
Adult Day Care $20,085 $31,292(+$11,792) $18,077 $28,163(+$10,613)
Assisted Living Facility $49,440 $77,026(+$29,026) $61,800 $96,282(+$36,282)
Semi-Private Room $97,544 $151,971(+$57,268) $115,473 $179,904(+$67,794)
Private Room $111,236 $173,302(+$65,306) $127,003 $197,867(+$74,563)

Long-Term Care Throughout Colorado


Denver is the largest metro area in Colorado. The average skilled nursing facility cost runs around $9,520 a month. Assisted Living averages $4,700 a month. Adult Day Care Centers average $1,625 a month. Care at home, based on a 44-hour week, averages $5,243 a month.

More Locations

Other large population centers in Colorado include Arvada, Aurora, Boulder, Centennial, Colorado Springs, Fort Collins, Greeley, Lakewood, Pueblo, Thornton, and Westminster.

Sponsored Advertisement