Farmers are now eligible to apply freshly for
the 3-year cap as per the Nursing Homes Support Scheme (Amendment) Act,
2021, by competing for the ‘section 7’.
Existing farming families paying the cost of care for the asset can apply too.
Because of the Covid-19 epidemic, a
long-awaited 'fair deal' programme for homecare has been postponed until 2022.
The law, which was first suggested in 2018, has yet to be developed for
ultimate implementation. According to Mary Butler, Minister of State for Older
Individuals, introducing a system to allow people to stay at home is now a
priority for her, and she has pledged that it would be implemented by 2022.
The Nursing Homes Support Scheme
(Amendment) Act, 2021
Came into effect this month after being signed into law back in July 2021 to reduce the amount that families will have to contribute to nursing home care. The new amendment of the Nursing Homes Support Scheme, went into effect this month after being passed into law in July to cut the amount of money that families would have to pay for nursing home care.
The Fair Deal for Farmers
and the Future Generation
When calculating nursing home expenditures, the provisions of the nursing home assistance programme have been altered to provide more protection to farms or commercial assets that will remain in the family. The new guidelines of the scheme entail that after the initial 3years, the worth of the family-owned farms and businesses will no longer be included in the cost of care of the person who owns the farm or business.
This means family succession is possible and
easier. Successors won’t lose their assets to the Fair Deal Nursing Home scheme. But
there is a condition to do so. It is that the successors or a family member
would have to stay back and work on the farm. If the farm is sold or given on
lease to a third party, it would shift to the cash assets towards the cost of
care.
It is critical to note that persons who are
currently enrolled in the Fair Deal Scheme can still apply for the
three-year limit if they meet the qualifying circumstances. So farmers can
apply by filling out section 7' of the revised application form and sending it
to their local Nursing Home Support Scheme office by April 20, 2022.
The Ministry Advises You To Act
Fast
While the process is mostly straightforward, the cap cannot kick in until the application and supporting documentation including sworn affidavits are submitted to the Nursing Home Support Scheme offices. So, the longer you wait to submit the application, the more you will be charged a 0.14% fee on the capital worth of the family company or farm. This is time to act fast!
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