What is an “asset” test?

For certain programs like those for individuals with disabilities, who are aged (65+), who need Medicare premium assistance, or who need long term care services, Health First Colorado (Colorado’s Medicaid Program) is required to ask about assets in order to process an application.  In certain cases assets can count toward determining eligibility because these programs can have different benefits than regular Health First Colorado. Since the federal government has different rules for eligibility for these programs, Health First Colorado is required to ask the asset question.

While the question is included in the joint application, assets are not counted against families applying for regular Health First Colorado and do not count towards eligibility for the Child Health Plan Plus (CHP+) program. There are no asset tests for these programs.

The question is only on the application for those who are needing additional benefits provided through the long term care and aged or disabled Health First Colorado programs.

If you have questions about your individual or family’s circumstances please call the Health First Colorado Member Contact Center at 1-800-221-3943.