Taken from the National Assessment Guidelines for Medical Card/GP Visit card.
The method of assessing savings/investments for Medical Cards/GP Visit cards is as follows:
The first €20,000 of Savings/Investments for a single person will be disregarded and €40,000 for a couple will be disregarded.
The next €10,000 assessed at one (1) Euro per week per €1,000.
The next €10,000 assessed at two (2) Euro per week per €1,000.
Savings/ Investments in excess of the above assessed at four (4) Euro per week per €1,000.
For example:
Single person has €44 000 savings
Means assessed are:
€20 000 at nil (disregard)
€10 000 at €1 per 1000 = €10
€10 000 at €2 per 1000 = €20
€ 4 000 at €4 per 1000 = €16.
Means from savings assessed as €46 per week.
Yes, you must disclose all means and savings, but the first 20K is disregarded, and after that you are counted as having 1e means per 1K savings.
What if i spend it all and then apply?? or put it off my Mortgage.
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