Medicare and Medicaid in Colorado...

Knowing the Differences Can Help You Protect Your Loved Ones' Hard-Earned Savings from High Nursing Home and Health Care Costs

People often confuse the Colorado Medicare program with the Colorado Medicaid program. There are major differences between these separate and distinct programs.

Medicare is the federally-funded health insurance program designed to provide health care services primarily to individuals over the age of 65. Recent changes to the program have expanded benefits through Medicare managed plans. However, long-term custodial nursing home benefits have never been part of either managed care or traditional Medicare plans.

For example, suppose that your loved one is enrolled in traditional Medicare. What is available? In most cases, Colorado Medicare will cover the first 20 days in a skilled nursing facility. In some circumstances, Medicare may cover the next 80 days of nursing home care, but with a deductible that is over $114/day. If your loved one is enrolled in a managed Medicare plan, days 21-100 are covered without a deductible, but only if your loved one meets strict qualification criteria.

It is difficult to predict how many days of skilled nursing care Medicare will cover in the Denver, Colorado area. From our experience, we have found that our Alzheimer’s clients rarely receive benefits that extend to the 100-day maximum. But even if you do receive the full 100 days, what happens when Medicare discontinues coverage and your loved one still requires around-the-clock care? As stated above, the options available are either: long-term care insurance, payment from one’s own limited assets, or possibly coverage through the Medicaid program or through certain programs available through the Veteran’s Administration.

There are Health Maintenance Organizations (HMOs) that offer a Medicare +Choice program instead of traditional Medicare. These insurance companies use the Medicare reimbursement to provide additional services over what traditional Medicare provides. These are voluntary and are chosen by the Medicare recipient. There are strict enrollment rules. If a Medicare +Choice program is covering your family member with a condition that requires long-term care, it is very important to know the benefits offered and what the qualifiers are for the services. These programs are required to follow Medicare regulations, but can offer more services. Remember that the Colorado Medicare +Choice programs are the “gatekeepers” instead of the physicians and, therefore, dictate when, where, and if services are authorized.

Would you like to learn more about the differences between Medicare and Medicaid and Colorado? Contact our office today at (303) 4-ADVICE to arrange a FREE 30-Minute Consultation or fill out the form below to request our FREE e-mail course, "Don't Go Broke in a Nursing Home," featuring a more thorough discussion of this topic.

In addition to our main office in Denver, we also offer satellite locations in Arvada, Aurora, Lakewood, Highlands Ranch, Thornton, Golden, Stapleton, and Littleton