When deciding to move forward with assisted living, cost and payment can be a huge part of your consideration. Colorado is known for many high-quality assisted living facilities, but their costs vary greatly by location. Learn more about the average cost of assisted living in Colorado depending on the region, as well as the different payment options that are available to you.
How Place Affects Price
The state average cost of assisted living in Colorado is around $4,370 per month, according to Genworth. However, this cost can vary greatly depending on the region that you live in. For example, cities such as Boulder and Colorado Springs are at an average cost of over $5,000 per month, whereas other cities such as Greeley and Grand Junction are under $4,000 per month. These prices of assisted living often correlate with the overall cost of living for the region.
Paying for Assisted Living
There are many different payment options for assisted living, some of which might be better suited for your situation than others. There is the option of paying in full directly, either through cash or direct deposit. There is also the option of using government-funded programs such as Medicare or Medicaid. Colorado offers a Medicaid waiver called the Elderly, Blind and Disabled Waiver in which individuals choose their living situations as well as their care options. Insurance is another good option, such as long-term care insurance that is highly flexible or VA Health Care that provides long-term care insurance to veterans.
Colorado offers a non-medicaid program called the Colorado Old Age Pension (OAP) that provides financial assistance to elderly, low-income Colorado residents (60 years of age and older) to help them attain a minimum monthly income. The amount varies and is the difference between the participant’s current income and what is determined to be the minimum acceptable level of income for a particular year.
Quality Value and Care at Sharmar Village
Sharmar Village is located in Pueblo, Colorado, which is one of the more affordable options of the state. This does not mean quality is sacrificed, however. Here at Sharmar Village, we offer high-quality assisted living by aiming to provide as much autonomy as the resident is capable of, ranging from heavy supervision to only needing assistance with walking to and from meals and activities, and anywhere in between. We offer customizable plans to best suit you or your loved one’s needs, with the option to add additional services and help as needed for a seamless transition in our continuum of care. Learn more about how our assisted living services can be of the best value to you, or request a tour of our facility today.
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