Residents in homes using their assets to pay for care
Published 24/09/2016 | 02:30
The Fair Deal scheme works on the basis that the State pays for the care and the patient contributes to the cost from their income and/or assets.
The person's financial situation is assessed to see how much they can contribute.
If the contribution is less than the amount of the fees, the HSE will pay the rest.
Assets, such as savings and property or land, are taken into account when assessing the person's financial situation.
People can apply for what is called a 'nursing home loan' if they want to defer making the part of the contribution based on their home or other property.
The first €36,000 of savings is excluded and if the person's spouse is still living in the home, only half the income or assets are taken into account.
Patients pay 80pc of their total income, such as a pension. On top of this, they have to commit 7.5pc of the value of their assets as a yearly contribution.
The family home asset is capped at three years, which is 22.5pc. The cap was 15pc for applications made before 2013.
This payment can be deferred until after the death of the patient or their spouse.