Medicaid is a federal and state-funded social safety net for elderly and disabled people who can’t afford their medical expenses. Typically, Medicaid requires nearly all of the enrollee’s assets and income to go toward medical care. The enrollee must also be a U.S. citizen or permanent resident and reside in the state where they are receiving benefits.
There are several key differences from Medicare, including the eligibility requirements, which are based on income and assets rather than age. Medicaid also covers most types of healthcare costs, including long-term nursing home care. Many states allow residents to use Medicaid for assisted living and in-home care.
Colorado’s Medicaid program is called Health First Colorado. Learn more, confirm eligibility, and apply directly on their website.