The first €36,000 of savings is not assessed. You pay 7.5% per annum of the remaining savings.For a single person, with savings, but no property or business, is there any time limit or cap on payment for long term nursing home care? Or will all her savings just be used up? And will the state take over payment for nursing care then?
Fair Deal will top up the gap between 80% of income(pension etc) and 7.5% of savings above €36k. If this is more than the cost of the nursing home, she only pays the nursing home costs. As savings dwindle, state assistance will increase. Until she passes away so, in theory, she may be down to €36k assets when she dies.For a single person, with savings, but no property or business, is there any time limit or cap on payment for long term nursing home care? Or will all her savings just be used up? And will the state take over payment for nursing care then?
Thank you. That is very helpful.Fair Deal will top up the gap between 80% of income(pension etc) and 7.5% of savings above €36k. If this is more than the cost of the nursing home, she only pays the nursing home costs. As savings dwindle, state assistance will increase. Until she passes away so, in theory, she may be down to €36k assets when she dies.