Nursing Home Scheme Cost of Care for Candidates Without Any Assets

 

Many people think that one cannot apply for the Nursing Home Support Scheme in Dublin until and unless they have a home, farmland or any other asset to pay for the cost of care. That is not true. Even if the candidate doesn’t have any assets they can get the Fair Deal funding, but there are certain rules. Here is all you need to know.

 

The Nursing Support Scheme Cost of Care for People Without Assets

 

If you don’t have a family home, land or another asset it won’t affect your candidacy to get the Fair Deal Scheme funding, but there are a few factors that can complicate matters.

However, looking at a true Fair Deal Solution in Dublin and other big cities, usually, people do own a house, which can complicate matters.

 

Now, if the house is a family home, where the candidate’s spouse and children live, it is often not part of the financial assessment. Only when the house is in the name of the candidate, who is shifting to the Nursing Home, that the 7.5% of the house’s total value is incurred.

How Nursing Home Scheme Works

 

The Nursing Home Support Scheme cost of care is the combined sum of your cash assets and non-cash assets. While cash assets are easy to calculate out of the liquidated money that you have, either as savings or a State pension allowance, it is often cumbersome to deduce exactly how the nursing home charges are going to be paid if your loved one lives on rent or is already living in a Nursing Home.

 

Here is the simple answer: you don’t have to pay anything if you don’t have an asset.

Only 80% of your cash asset will be paid and the rest of the amount will be paid by the HSE, on behalf of the State Government. So if you were living in your children’s home, a Nursing Home or a rented space, you don’t have to worry about the asset payments.

How You Manage Your Assets Makes An Impact

 

If you don’t own a home or any asset property, that is okay, but if you give away your existing property to the family as an inheritance, it might impact your funding.

 

You need to wait for at least 5years. Because if you don’t wait that period, the HSE might simply think that you purposefully transferred the family home to family members to evade the cost of care.

 

Seek the Guidance of a Consultant for a Complete Fair Deal Solution in Dublin

Several hundreds of Fair Deal cases just get delayed in the waiting list for long periods, and it is about time that you meet an expert consultant who gives you more clarity of the situation, especially when things like family home and assets are involved.

Seek a complete solution when you plan to apply for the Nursing home support scheme in Dublin and other big cities in Ireland. A consultant, like the Fair Deal Advice, is the next best thing, that is headed by Fair Deal expert, Tom Murray. With the right kind of guidance, you are bent on making a conscious decision that works in your favour.