A typical day at the Dublin-based office of “Fair Deal Advice” sees the hours pass by in minutes and the coffee goes cold on their desk, while the resolute fair deal advisors explain some cost of care to an applicant on the phone.
Welcome to the world of better solutions, where private and confidential fee-paying advisory firms like Fair Deal Advice are turning complexities into opportunities for many applicants. The big difference that these firms make is by decoding and personalising the general information that is widely available into something more actionable and purposeful.
Key Steps for Planning: Assets, Income and Long-Term Care Needs
There are three key steps for applying to the Fair Deal Scheme for Nursing Home Support. The application, the care needs assessment, and the financial assessment are needed to come to a decision. However, there is a
• Explore care options and costs:
◦ Research and compare different nursing home facilities in your area, taking into account factors such as location, amenities, and costs.
◦ Understand the average cost of nursing home care in your region, as this will impact your financial planning for the Fair Deal Scheme.
• Apply for the Fair Deal Scheme:
◦ Complete the application process, providing all required documentation and financial information.
◦ Undergo a care needs assessment conducted by a healthcare professional to determine your eligibility and the level of care required.
◦ Receive a financial assessment from the Nursing Home Support Scheme team to determine your contribution towards the cost of care.
• Plan for your contribution:
◦ Based on the financial assessment, understand the portion of your assets and income that will be used to cover the cost of care.
◦ Develop a financial plan to manage your contribution, considering options such as accessing rental income, investing, or seeking financial advice.
• Review and adjust:
◦ Regularly review your financial situation, care needs, and the Fair Deal Scheme's guidelines, as they may change over time.
◦ Be prepared to adjust your plan as necessary to ensure that your long-term care needs and financial obligations are met.
Clients have found the process of applying for the Fair Deal -Nursing Home Support Scheme cumbersome, confusing, complicated and stressful. Our service is designed to help you to apply and complete the application forms in a timely and stress-free manner ensuring that you will be granted the Fair Deal- Nursing Home Support without delay.
Fair Deal Application for Individuals with Dementia and Diminished Decision-Making Capacity
New amendments to the Assisted Decision Making (Capacity) Act 2015 in late April of 2022, have streamlined the approaches for dealing with an applicant who has lost capacity. It could be dementia or any other physical or mental condition that diminishes their capacity to make a decision— either about their finances or whether they want to move to a nursing home.
While the allotment of a Care Representative is mostly subject to representing the to sign the loan application and consent to place a charge on the applicant’s home. This CRO could be applied for by the applicant’s family member, or they could ask a Solicitor to apply on their behalf. This was a straightforward system to use, and it worked for those applicants who had lost capacity and did not have an Enduring Power of Attorney in place.
