Long Term Care planning options courtesy of the State of Colorado
Although this article is over one year old it still is pertinent to the decision on whether to rely on the Colorado Medicaid program (which many folks do and many seek our assistance in planning knowing they will be relying on Medicaid) or private funding or long term care insurance. It is an informative resource which may help you in deciding how to decide what is best for you.
Medicare Long Term Care Planning Tool
If you ever have wondered what the cost might be for your own long term care look no further than this site. Here, you can put in details about yourself and your health and you will receive a projection as to the likely cost of your long term care. This site is built by the folks at United States Department of Human Services and the Medicare program. It will also help you quantify the amount of coverage you may need for long term care insurance.
The National Clearinghouse of Long Term Care Information
This is a great site to start learning about long term care and how to finance the cost of care. The site is from the United States Department of Health and Human and Services. In Colorado the State of Colorado does have latitude in modifying the exact rules stated they are generally as found on this site. In reviewing the site it is important not be overwhelmed or discouraged as proper long term care planning can help reduce cost of care.
