Page 135

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

135 1) From January 1, 2006 thru December 31, 2010 is $500,000 or less, or; 2) Is less than the amount that results from the year to year percentage increase to the $500,000 limit. The increase is based upon the consumer price index for all urban consumers (all items; United States city average), rounded to the nearest $1,000. iii) If an individual or spouse of an individual owns a home of any value located outside Colorado, and if the individual intends to return to that home, then the individual does not meet the residency requirement for Colorado Medicaid eligibility. iv) If an individual or spouse of an individual owns a home of any value located outside Colorado, and if the individual does not intend to return to that home, then the home is a countable resource unless the individual’s spouse or dependent relative lives in the home. v) If an individual or spouse of an individual owns a home located inside Colorado with an equity value lower than the limit in subparagraph (1), above, and if the individual intends to return to that home, then the home is considered an exempt resource if: 1) The individual is institutionalized; and 2) The intent to return home is documented in writing. vi) If an individual or spouse of an individual owns a home with an equity value greater than the limit that is located inside Colorado, and if the individual intends to return to that home, then the home is considered to be a countable resource unless spouse or dependent relative lives in the home. vii) If an individual or spouse of an individual owns a home of any value located inside Colorado, and if the individual does not intend to