The Government has approved a proposal to change the treatment of farms and businesses under the Fair Deal scheme.
Currently, people using the scheme contribute up to 80 per cent of their income and up to 7.5 per cent of the value of any assets held towards their cost of care.
The value of a person’s home is only included in the financial assessment for the first three years of their time in a care.
The changes will extend this three year cap to farms and businesses where a family successor continues to operate the farm or business for six years.
Minister of State for Older People Jim Daly said the changes would allow individuals to continue to run the family business without the fear of losing it.
The Department of Health will now draft the general scheme of a bill to provide for the necessary changes to the Nursing Homes Support Scheme Act 2009.