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The "Own Your Future" unveiled Tuesday, is overseen by various stater agencies under thelabel "Colorado Long-Term Care The program will make available an insuranced program to Coloradans ages 45 to 65 through private The program "enables Colorado residents who purchase Long-Ternm Care Partnership insurance to have more of theitr assets protected if they later need the states Medicaid program to help pay for their long-term . Those applying for Medicaid mightt otherwise haveto "spend more of their own assetss in order to be eligible for Medicaisd coverage.
"Colorado is using this approach to give its citizensd greater control over how they financwtheir long-term care and to help shorr up the public safety net against upcoming demographidc pressures," the website says. Such partnershipa were established by federal law in 2006 to help preservse the stability of state Medicaid programs and to promoteprivate long-term care programs. Agencies involvec include the state Department of Health Care Polictyand Financing, the Divisio of Insurance, the Department of Human Service’s Divisionn of Aging and Adul Services and the Governor’s Office. Coloradko Gov.
Bill Ritter was to kick off the campaign at a statre Capitol news conferenceat 11:30 a.m.
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