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CODE OF COLORADO REGULATIONS 10 CCR 2505-10 8.100 Medical Services Board

134 transfers without fair consideration in the Long-Term Care section and may result in a penalty period of ineligibility. 8.100.5.M. Resource Requirements 1. Consideration of resources: Resources are defined as cash or other assets or any real or personal property that an individual or spouse owns. The resource limit for an individual is $2,000. For a married couple, the resource limit is $3,000. If one spouse is institutionalized, refer to Spousal Protection-Treatment of Income and Resources for Institutionalized Spouses. Effective January 1, 2011, the resource limits for the Qualified Medicare Beneficiaries (QMB), Specified Low Income Medicare Beneficiaries (SLMB), and Qualified Individuals 1 (QI-1) programs are $8,180 for a single individual and $13,020 for a married individual living with a spouse and no other dependents. The resource limits for the QMB, SLMB, and QI programs shall be adjusted annually by the Centers for Medicare and Medicaid Services on January 1 of each year. These resource limits are based upon the change in the annual consumer price index (CPI) as of September of the previous year. Resources are not counted for the Medicaid Buy-In Program for Working Adults with Disabilities or the Medicaid Buy-In Program for Children with Disabilities. 2. The following resources are exempt in determining eligibility: a. A home, which is any property in which an individual or spouse of an individual has an ownership interest and which serves as the individual’s principal place of residence. The property includes the shelter in which an individual resides, the land on which the shelter is located and related outbuildings. i) Only one principal place of residence is excluded for a single individual or a married couple. ii) The individual’s ownership interest in the home must have an equity value that: