As we age, Nursing Home care may be a consideration
We take the time to make it easy for you
The Nursing Home Support Scheme, also known as Fair Deal, is a scheme under which the cost of nursing home care is managed through the HSE paying either the full or part of the cost and by allowing those charged with paying the resident’s portion of the cost to defer the charge.
Eligibility is based on two assessments. The first looks at the care needs of the older person, their capacity to live independently and at available supports at home and in the community.
The second assessment looks at the financial resources (income, property some expenses) available to the older person.
It’s an emotional time and one where your needs or the needs of the person you are caring for need to be understood and taken care of. It’s not something that should be rushed into and we can walk you through every step before any application is made to the HSE.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat
— NH
Any time you are entering into a legal contract it’s always best to understand the principles behind each piece of paper you sign.
If you are thinking of applying for the Fair Deal (is that right?) here are a few things that you need to give some thought to.
The Financial Contribution to Your Nursing Home Care:
A Single Person Pays
80% of your nett annual income.
PLUS
7.5% of the current market value of your home (for 3 years)
PLUS
7.5 % of the current market value of the remaining assets/cash per annum.
The First €36,000.00 of your assets are excluded in calculating number 3 above but if you have less than €36,000.00 in assets, the difference will reduce the value of private residence.
In legalese, this is called the Term. We will help you consider whether the term be tax efficient for you.
One of a Couple Pays
40 % of the nett annual income of the household
PLUS
3.75 % of the current market value of your home (for 3 years)
PLUS
3.75% of the current market value of the remaining assets/cash per annum of the other assets.
The first €72,000.00 of a couple’s assets is excluded for number 3 above and any unused balance of the first €72,000.00 is set against the current market value of your principal private residence.
download image below
If this is something that you are considering right now, please download our Quick Guide to Understanding the Fair Detail and make an appointment or fill out our enquiry form and we will help you explore the options.
Why Choose Kelly Colfer as You Age
We can meet you virtually or in person
Covid restrictions are changing all the time. No matter what they are we will always provide you with the safest and most efficient way of working together. We are familiar with multiple ways of interacting from Skype, Zoom and even Face Time. We will work with whatever makes you most comfortable to bring your property transaction to successful completion.
Transparent Fees
We’ll provide you with clear and transparent pricing in advance – so you can be confident on what you’ll be paying, and what you’re getting for your money.
Where a case becomes unexpectedly complex, we’ll flag this with you immediately – so there’s never any nasty surprises!
Professional and Experienced
Kelly Colfer Son & Poyntz has been offering legal services in the South East since 1872. It's owned and operated by Solicitor Declan Joyce. With a staff that has more than 60 years of combined experience, it's one of the most trusted legal firms in Wexford.
