Fair Deal Nursing Home Scheme For Farming Families

The Fair Deal Nursing Home Support Scheme is designed to make things simple, hassle free and cheaper for senior citizens or those that need all time residential care to access quality healthcare and nursing facilities. The people in need are aided with a financial support they can afford—it’s paying for a loan system. The scheme is granted on the basis of an assessment of one’s income, as well as family assets, it posed as an obstacle for farming families to carry on their business fluently along with the Fair Deal costs. 

So how does this work, how it doesn’t work, and how things have changed, all things a personal for farmers and small business families, is explained herewith. 

How The Fair Deal Scheme Works 

The scheme provisions that in exchange of a partial contribution from the applicant, the rest of the cost of the residential care facility and “cost of care” will be provided by the Irish Government funded, HSE. The facilities would include all the amenities that individuals would need, including residential care at a HSE affiliated nursing home, medical care, nursing, bedding, food, even laundry service. 

The HSE officials personally visit each applicant to assess their annual income, and assets, such as pension, a family business for example, farming. Based on the annual income of the applicant or their family, the costing will be structured for the long term facilities according to the HSE. The cost will be a percentage of your annual income, to be paid off at weekly or monthly installments.  

Paying Off Your Debts 

As of now, the general costing for the Fair Deal Scheme is 80% of one’s annual income, by means of pension, fixed deposit, renting out an apartment or such sources; and 7.5% of the family business profits, such as from farms. If you don’t have any income at all, then it can be that your house or farm can substitute as an asset, and practically part of it to repay as the percentage. 

Fairer Changes For The Farming And Small Business Families 

The new agendas of Fair Deal, ensued from the frequent prods from farming families, puts into effect a more flexible norms. The new regimes proclaim farming families and owners of small businesses, to isolate the 7.5% asset value of their land, and work towards a funding policy to pay off the nursing home. This fund will not be collected by selling off part of the land, but will be collected later on, from the estate. 

Fending Off Abuse Of The Scheme

The payment structure plays a substantial role in substituting as a way to fend off abuse or misuse of the scheme, and giving truly deserving candidates their rightful healthcare and residential care. The limit of the asset value will represent a fairer deal for the senior farm owners. As traditionally, farm lands are bestowed to the next generations and other family members, during or after the lifetime of the owners, the newer regimes are going to take off the “debt” burden of the shoulder’s of the candidate’s family at large. 

Author: 

Fair Deal Advice supports applications with thorough guidance in applying and verifying to The Fair Deal Nursing Home Scheme. We typically take 4-6weeks for each received application to successfully cover all the assessment procedures and to reach to the ancillary state support. Talk to us for ample guidance on the fair Deal Scheme.