Under the Fair Deal Scheme you can apply for financial support to help pay for the cost of care in a nursing home through the Nursing Homes Support Scheme, also known as the Fair Deal scheme. The Fair Deal scheme is managed by the Health Service Executive (HSE).
Fair Deal means the state will cover some of your expenses until your death, and then use the value of the property to repay that cost for your care.
If you are considering applying for the HSE’s Nursing Home Support Scheme,/Fair Deal, your application is based on the value your assets including your property. As part of the application, you will need to include a current valuation from a qualified valuer such as DNG Galvin.
To apply for the Fair Deal Scheme you must be ordinarily resident in Ireland and need long-term nursing home care.
There are four steps to the Fair Deal application process:
After assessing your income and assets, the Financial Assessment will work out how much you pay towards your care.
When you sign up to Fair Deal, you agree to pay 80 per cent of your income and 7.5 per cent of the value of your assets each year towards the cost of care for a maximum of three years. These assets can include:
The Fair Deal covers:
The Fair Deal does not cover:
If you exceed the three year limit you will not be required to make any further contributions based on
these assets but all other assets will be taken into consideration.
Usually no, the Fair Deal scheme is actually designed to avoid someone having to sell their home to fund their long-term care. Fair Deal means the state will cover some of your expenses until your death, and then use the value of the property to repay that cost for your care.
But that doesn’t prevent you selling the property before then if you wish to, just be aware the state will take this into account and usually lower their contribution towards your care.
Typically, another family member may choose to live in the property if appropriate, or the property is rented out for added income. If neither of those are a suitable option then it is often preferable to sell the property.
Contact us to discuss and arrange your Fair Deal Scheme Property Valuation.
At DNG Galvin Auctioneers & Valuers, on inspection for market valuation purposes we keep your home intrusion down to a minimum and give you an estimate of market value quickly. For us, customer satisfaction is our number one priority. Older people living in their homes can feel disturbed or uneasy especially when property valuers arrive to their property. With over 40 years of experience in property valuation, we assure a professional valuation service without creating any fuss or upset to elderly people residing in their homes.
Book your Fair Deal Scheme Property Valuation here