When we are working with our clients on their Medicaid
planning we often hear husbands and wives express the fear that they will have
to leave their spouses penniless in order to qualify for Colorado Medicaid
themselves. While it is true that the Medicaid applicant must adhere to a
strict set of criteria when it comes down to their own resources, there are
measures in place to help protect their husband or wife (known as the community
According to Colorado Medicaid’s rules, the community spouse is able to hold assets, up to a fixed value, that cannot be counted against the spouse who is applying for or is receiving assistance from Colorado Medicaid. These assets, sometimes referred to as the “protected assets,” are a part of the Community Spouse Resource Allowance (CSRA). While the total value of the protected assets that the community spouse is allowed to retain varies from state to state, their “allowance” is much more liberal than the Medicaid recipients.
To learn more about Medicaid eligibility, Medicaid crisis planning, and asset protection, visit our Medicaid website or call (303) 945-3242 today to speak with a Colorado Medicaid attorney.