Residential Care Subsidy - A Trust May Affect Eligibility
If you need long term care in a rest home or hospital, you may be eligible to apply for a residential care subsidy.
Eligibility for a residential care subsidy is assessed by the Ministry of Social Development (“MSD”). About 15 years ago MSD changed the asset levels for eligibility for the residential care subsidy. These changes markedly increased the value of assets that an applicant could retain and still be eligible for the subsidy. However, MSD then became more vigilant to ensure that when an applicant had resources available to them, those resources are used before seeking financial support from the state.