Health Insurance Fair deal and sale of family home.

[demoivre]

According to the FD guidelines someone needing nursing home care is exempt from contributing 7.5% of the value of their family home to the cost of their care if they have already been in a nursing home for 3 years before applying for FD. If the person then qualifies for FD, because savings run down, and the family home is subsequently sold is the person then liable to contribute 7.5% of the net proceeds of the sale of the house to the cost of their care ?

 

[Slim]

Once the property is sold or let, the proceeds/rent are counted in the 'other assets' or income pot respectively and subject to the 7.5%/80% contribution indefinitely.

 

[demoivre]

Thanks Slim, that is also my understanding of the situation.