In Ireland, more than 13,000 families are at risk of facing overwhelming nursing home costs, potentially over â¬120,000 per year. This stems from the Fair Deal scheme, which excludes individuals with long-term land leases from accessing a three-year cap on fees. As the costs of nursing homes rise, these families may find themselves unprepared for a financial burden labeled a 'ticking time bomb'. The implications of these restrictions under the Fair Deal scheme could lead to significant financial challenges for thousands of farm families across the country.
The Fair Deal scheme in Ireland, which is designed to provide financial assistance with nursing home fees, poses a significant risk for over 13,000 farm families due to disqualifying long-term land leases.
With nursing home costs exceeding â¬120,000 annually, these families could confront substantial financial liabilities, creating a potential crisis for thousands, many unaware of these implications.
Long-term leases on farmland could mean that qualifying for the three-year financial cap under the Fair Deal scheme is not an option, leaving many at risk.
This situation is being labeled as a financial 'ticking time bomb' for farm families, as they face uncertainties regarding the future of their care funding.
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