200k in bank - eligible for medical card?

pathway33

Hi,

I note that it is income and not actual savings that is taken into account in assessing whether someone is entitled to a medical card.

The income limit for a single person aged under 66 and living with family is €164 per week

So would someone with 200k in the bank on an interest rate of say 4% getting €8,000 a year in income (less than €160 per week) with no other source of income be entitled to a medical card?

would it matter if they were a student?

eclectichoney

It is means tested rather than 'come tested' if I am not mistaken. I'm pretty sure that savings are taken into account as part of your 'means' when calculating your income for the purposes of a medical card - e.g. something like €4 for every €1,000 in savings over €40,000 - which probably gives a weekly means of over the amount

More info: http://www.citizensinformation.ie/categories/health/entitlement-to-health-services/medical_card