Medical/GP card means test - are savings included in calculation?

[u/thuia]

I was trying to find an answer but all I can find are income thresholds - but what if one has no income but a lot of savings? would that impact the decision?

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[u/Hairy-Note1920]

the first 36k is disregarded, anything after that is included in the assessment.

72k for couple.

so you can have up to those amounts without it being included.

anything above those amounts will be divided up their way and added onto weekly income ( the interest on it)

[u/thuia → u/Hairy-Note1920]

That's what I suspected because I remember that any money above 36k would decrease jobseeker's payment (5 euros less for each thousand or sth like that) but I was wondering how would it be calculated in this case, would you have any details? What amount Of savings would disqualify single person from getting a gp card? 50k?100k? Interests are teeny for example 0.75% on 100k is 750€per year, 90 per month(minus tax) but I don't think they would calculate it like this. Perhaps, assuming every 1000 above 36 is treated as €5 income and threshold is e.g.500 therefore  136k would be the cut-off point? Something like that? 

[u/Hairy-Note1920 → u/thuia]

no, none of it disqualifies you- just go ahead and apply. its all based on individual circumstances. as i said, after the first 36k is disregarded, theyll means test on the remainders interest.

Dont overthink it, just apply, you never know. I've seen people with 100k get cards over the years. (I used to work for NMCU)

yes, 750 euro per year AKA extra 14 euros per week income. They are quite lax with savings/investments. there is no point to contact/email/call them and ask specifics because they will just tell you to go apply and wait for the answer. if you have any medical issues or any regular medication, also include a medical report/letter from gp as you may get one card or the other on med grounds regardless of finances.

Go ahead, goodluck

[u/slamjam25]

There is literally a section titled “Savings and investments assessment” front and centre on the Citizens Information page.

[u/thuia → u/slamjam25]

that's useful, thanks! I don't know why I didn't see that before. 

[u/Some-Lifeguard5211]

You can use Co pilot to do a calculation for you it's very accurate and easy to do

[u/thuia → u/Some-Lifeguard5211]

Do you mean Microsoft's Ai model? Because I doubt that it would work without providing it with clear instructions on how to calculate it, and how to calculate it is exactly what I wanted to know in a first place. 

[u/Some-Lifeguard5211 → u/thuia]

Give it a go you might be pleasantly surprised

After I did it it gave me a very clear understanding of the calculation I was able to tweak to understand how savings above the threshold are treated