Up to 30pc of home value will be used to pay care bills
Published 03/04/2015 | 02:30
ELDERLY people in need of long-term care face signing over up to 30pc of the value of their home to cover the spiralling costs of nursing home bills.
A major review of the State's Fair Deal Scheme has signalled pensioners will hand over a larger slice of their weekly income and the assets of their estate as part of a cost-curbing move.
The move comes as Health Minister Leo Varadkar unveiled a €74m-funded plan to help tackle the issue of 'bed blocking' and ease chronic overcrowding in the country's hospital emergency wards.
The new plan will see some €44m provided for 1,600 nursing home places under the Fair Deal scheme in order to reduce waiting times from 11 to four weeks.