Many people need help with activities of daily living as they age including bathing, incontinence management, mobility, and transfering. Medicare does not pay for long-term care services. Medicaid pays when you run out of funds. Many individuals purchase long term care insurance to help with the high costs associated with care.
Colorado has several programs to encourage people to purchase long term care insurance:
- Colorado tax credit program
- Colorado Partnership program
Learn more about how long term care insurance works and the Colorado incentives to purchase insurance.