Fair Deal/Nursing Homes Fair Deal Scheme €36,000 exclusion

[legal33]

The Fair Deal says the first €36000 is excluded from assessment for a single person. Does this mean that once the person's savings say €60,000 start depleting by 7.5% per year, once the person reaches 36,000 the Fair Deal won't take any more savings from them?

Thanks

 

[twofor1]

Only if you ask for a financial review, it does not happen automatically. You can do this every 12 months. I suspect there are many out there paying 7.5% on savings that they no longer have.

How much you will need to pay
You can request another financial review 12 months after your first assessment or your last review. However, the HSE may review a financial assessment at any stage.
https://www2.hse.ie/services/fair-deal-scheme/financial-assessment-your-payment-towards-care.html

 

[legal33]

Thank you