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Medical card review questions - Assesment of savings/investments

  • 02-07-2014 10:07pm
    #1
    Closed Accounts Posts: 328 ✭✭


    Any information available about means assesment of savings/investments for medical card review

    Is money in current account considered "savings"?

    Over what time period is threshold of 36k assesed?
    Since last review?
    Over last year?
    Snapshot of savings amount when review letter arrived?

    Thanks for any input


Comments

  • Registered Users, Registered Users 2 Posts: 5 Artificial Desemination


    It is an assessment of the savings or shares you currently have. You should submit a bank statement for every account you have whether it is a current account or not. The statements must not be more than 3 months old and must come from the bank ie. not online statements. Your name and account balance must be visible on the statement.

    Your savings will be added together. If you are single, the first 36,000EUR will be discarded. The remaining savings amount will be used to calculate a weekly income (interest) you would gain from these savings using standard interest rates.

    If you have a spouse/partner, your application is a joint assessment and the discarded figure is double ie. 72,000EUR.

    The medical card guidelines are available online.


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