Page Reviewed / Updated - May. 2019
This guide is intended to help seniors and their loved ones in the Centennial, Colorado, area explore costs related to senior living options, including costs of assisted living, home care, adult day care and nursing home care. It also provides information on the financial resources available to Centennial area seniors, as well as choices for low-income or affordable senior housing. For information about senior care costs and options throughout the state, check out our comprehensive guide to paying for senior care in Colorado.
The cost of senior living in Centennial tends to be the same as the state median or above it, according to the 2018 Genworth Cost of Care Survey. All types of senior living costs in Centennial are higher than the national average.
Centennial seniors should expect to pay around $4,700 per month to reside in an assisted living facility. This is $700 per month higher than the state and national average of $4,000.
Home care costs in Centennial, which average $4,767, are on par with the state median but higher than the national average of $4,004. Average monthly adult day care costs in Centennial are also the same as the state average, at $1,625 per month, but $65 more per month than the national average.
At $8,365, average monthly nursing home costs in Centennial are higher than both the state and national median. The Colorado state average for monthly assisted living costs is $7,892, which is $473 month less than Centennial's average, and the national median for monthly nursing home care costs is $7,441, which is $924 less than Centennial's monthly average.Note: Senior care cost data wasn’t available for Centennial, so the data for the closest city, Denver, was used.
Seniors who need regular help with their normal activities of daily living might want to consider assisted living. Before making that decision, it's important to know that at $4,700 per month, Centennial's average cost of assisted living is one of the highest in the state. In fact, only Boulder, with assisted living costs averaging $5,000 per month, and Colorado Springs, with monthly assisted living costs averaging $4,875, are higher.
Pueblo's monthly average assisted living costs are $700 per month less than those in Centennial and are on par with the state average. Fort Collins has a monthly average assisted living cost of $3,950, which is $750 per month less than Centennial. Greeley and Grand Junction have the lowest average monthly assisted living costs in the state. Both have averages that are more than $1,000 per month less than Centennial.
Home care costs in Centennial are comparable with the state median at $4,767 per month. Boulder has the highest average monthly home care cost at $5,339, and Fort Collins is right below that at $4,887 per month — $120 per month more than Centennial's average. Greely's average monthly home care costs are also slightly less than Centennial's at $4,624 per month.
Pueblo has the lowest average monthly cost of home care in the state at $4,195, which is $572 per month lower than the average in Centennial. Colorado Springs and Grand Junction have average monthly home care costs that fall between Pueblo's and Centennial's at $4,567 and $4,528 respectively.
Centennial's average monthly cost for adult day care matches the state average of $1,625. This is $325 per month less than Pueblo's average monthly cost of $1,950 and $98 per month less than the $1,723 monthly average in Colorado Springs.
Grand Junction has the lowest average monthly adult day care costs in the state at $1,408, which is $217 per month less than the average in Centennial. Boulder comes in just above that at $1,463 per month on average, and Fort Collins average monthly cost of adult day care is $1,560, which is $65 per month less than the average in Centennial.
Even though Centennial's average monthly cost of nursing home care, which is $8,365, is $473 more than the state average, it isn't the highest average in Colorado. At $9,343 per month on average, the cost of nursing home care in Boulder is the most expensive — $978 per month more than the Centennial average. Greely's average cost of nursing home care is also higher than Centennial's at $8,578 per month.
Fort Collins has an average monthly nursing home care cost of $8,197, only slightly lower than that in Centennial, and the average cost of nursing home care in Grand Junction and Colorado Springs come right behind that at $7,740 and $7,772 respectively. Pueblo's average monthly cost of nursing home care is the lowest in the state, at $7,605, $760 per month less than the monthly average in Centennial.
Medicaid in Centennial is referred to as Health First Colorado. Funded by both the state and the federal government, Medicaid is an entitlement program. This means that any Centennial senior who meets the program's eligibility requirements is entitled to receive program benefits.
Health First Colorado covers the cost of nursing home care. It also includes the cost of some personal care services for seniors residing in assisted living facilities and those who need home health care services or adult day care.
To qualify for Health First Colorado, seniors age 65 and older must have a monthly income that doesn't exceed $2,500. Married seniors who are applying individually for Health First Colorado aren't required to disclose their spouse's income. In fact, if a senior's income exceeds the monthly income limits set by the state, they can transfer a portion of their monthly income to their spouse to ensure they qualify for benefits.
Centennial area seniors who meet Health First Colorado's financial requirements can apply:
Elderly, Blind and Disabled Waiver
Seniors who have physical or neurological impairments and need assistance paying for the cost of assisted living, home health care or adult day care can apply for the Elderly, Blind and Disabled Waiver — one of several Home and Community-Based Waivers for Centennial residents. Seniors in Centennial who want to apply for this waiver program are required to have a monthly income that's less than three times the current Federal Supplemental Security Income (SSI) limit, be a recipient of Health First Colorado benefits and have assets totaling less than $2,000 in value ($3,000 for married couples). Qualified seniors who want to apply for the Elderly, Blind and Disabled Waiver program online or by calling (800) 221-3943.
Adult Foster Care (AFC) Program
Seniors who need help covering the cost of additional services so they can reside in an adult foster care home instead of a nursing home can apply for the Adult Foster Care program. In addition to housing, the Adult Foster Care program provides 24-hour supervision, transportation, meals, medication assistance and personal care services. This is an entitlement program, so all seniors who meet the program's eligibility requirements can receive the program's benefits.
Eligible seniors must:
Seniors interested in applying for the Adult Foster Care program can learn more about the application process here.
Old Age Pension (OAP)
The Old Age Pension plan provides financial assistance to seniors between the ages of 60 and 64 who have assets valued at $2,000 or less and a monthly income less than $788. Married couples can still qualify for the program as long as they have assets that aren't valued at more than $3,000.
The OAP has a maximum monthly payout of $788, but the amount varies depending on the total monthly amount of the senior's SSI or veterans benefits. Because of this, seniors who qualify for this program aren't simply awarded a lump sum each month. The amount each senior receives varies because it's the difference between the acceptable annual minimum income for the year and the senior's annual income.
The Old Age Pension plan also has the OAP Health and Medical Care plan for eligible seniors who don't qualify for Health First Colorado. Centennial seniors can learn more about applying for the OAP plan here.
Home Care Allowance (HCA) Program
The Home Care Allowance program provides Centennial seniors with financial assistance to cover the cost of services needed to prevent placement in a nursing home. Benefits received through this program can be used to pay for:
In order for Centennial seniors to qualify for the Home Care Allowance program, they must either be receiving Supplemental Social Security (SSI) income or be enrolled in the Colorado Aid to the Needy Disabled program. Additionally, individual seniors who have more than $2,000 in assets don't qualify for the HCA program. Married couples can have assets valued up to $3,000 and still qualify.
Keep in mind that the HCA program isn't an entitlement program. This means there may be an annual cap on the number of participants, resulting in a waiting list for the program. Seniors interested in the HCA program can learn more about it, including how to apply, here.
|Denver Housing Authority||(720) 932-3020||The Denver Housing Authority offers a subsidized housing program for seniors in the Centennial area. This includes apartment complexes that are for seniors only, including Barney Ford, North Lincoln Park Mid-Rise and Walsh Manor. The organization also runs the area's Section 8 program, which provides monthly rent vouchers to program participants. These programs are not entitlement programs, so seniors should expect to be placed on a waiting list when they apply.|
|Program of All-Inclusive Care For the Elderly (PACE)||(888) 992-4464||The Program of All-Inclusive Care For the Elderly offers a personal needs allowance to Centennial area seniors who need help covering the out-of-pocket expenses associated with services an items not covered by Health First Colorado. InnovAge runs the PACE program in the Centennial/Denver area. It also has two affordable senior housing communities: Thornton Senior Housing and Pinewood Housing Community.|
|Denver Human Services||(720) 944-4347||The Denver Human Services department has a property tax relief program that helps seniors remain in their homes. The program doesn't lower seniors' property taxes, but it does provide a partial refund on property taxes for seniors age 65 or older who meet the program's income requirements.|
|Low-Income Home Energy Assistance (LIHEAP)||(720) 944-4347||The Denver County Department of Human Services handles LIHEAP applications for Centennial area seniors. LIHEAP helps low-income households cover the cost of some of their utility bills. Participants must meet the program's income requirements for the season, which can change each November.|