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

171 foreclosed, if later. The value of the trust shall be determined by including the amount of any payments made from such portion of the trust after such date. 6. The preceding regulations for trusts established on or after July 1, 1994, do not apply to the following: a. Income Trusts i) A trust consisting only of the individual's pension income, social security income, and other monthly income that is established for the purpose of establishing income eligibility for Long Term Care institution care or Home and Community Based Services (HCBS). To be valid, the trust must meet the following criteria: a) The individual's gross monthly income must be above the 300% SSI limit but below the average cost of private Long Term Care institution care in the geographic region in which the individual resides and intends to remain. The Colorado Department of Health Care Policy and Financing shall calculate the average rates for such regions on an annual, calendar-year basis. The geographic regions which are used for calculating the average private pay rate for Long Term Care institution care shall be based on the Bureau of Economic Analysis Regions and consist of the following counties: REGION I: (Adams, Arapahoe, Boulder, Broomfield, Denver, Jefferson) REGION II: (Cheyenne, Clear Creek, Douglas, Elbert, Gilpin, Grand, Jackson, Kit Carson, Larimer, Logan, Morgan, Park, Phillips, Sedgwick, Summit, Washington, Weld, Yuma) REGION III: (Alamosa, Baca, Bent, Chaffee, Conejos, Costilla, Crowley, Custer, El Paso, Fremont, Huerfano,