Colorado Medicaid Eligibility Requirements For Seniors

Posted by:  :  Category: Medicare

Not anymore. There is a 5-year look-back law now. Uncle Sam can find your money and make you pay. You should consult an Elder-law attorney to understand the acceptable ways to “spend-down” assets to qualify for Medicaid as a low-income senior. You can gift some assets, within limits, to a beneficiary, but you should remember that these assets will no longer be in your control. Also, remember that the leading type of elder abuse is financial, many times by a family member. Spousal poverty protection laws have been passed to allow the spouse of a senior who needs long-term nursing home care to maintain usually up to 50% of the couple’s assets.

Health Coverage Resources

If you are 65 or older and a citizen of the United States, you are eligible for Medicare. Medicare is federal health insurance. It has different parts: Part A provides premium-free Hospital Insurance. Part B provides medical insurance for a premium and Part D provides Prescription Drug Coverage for an additional premium. There are also options called Medicare Advantage Plans that offer a range of different insurance plans. Click here to learn more about Medicare and to apply or call 1-800-Medicare (1-800-633-4227).  

Boulder County Public Health

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Related posts:

  1. Eligibility Requirements for Medicaid in Colorado
  2. Colorado Medicaid: eligibility, enrollment and benefits
  3. Colorado Medicaid: The Medicaid Project, Colorado Medicaid Eligibility, Help, Assistance
  4. Colorado Medicaid: eligibility, enrollment and benefits
  5. Week before Obama visit, report finds Colorado Democrats cut Medicare by $6 billion for seniors in Colorado

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