October 30, 2024
How MyCare Malta’s Services Work with New Benefits for the Elderly and Persons with Disabilities.
For anyone in Malta needing in-home care, affordability is a top priority. The 2025 budget introduces new benefits that provide increased financial relief, making high-quality care at home more accessible than ever. From grants and increased allowances to specialized support, these measures are designed to help you or your loved ones receive the care you deserve. At MyCare Malta, we’re here to simplify the process and ensure you get the most from these benefits.
1. Enhanced Affordability Through Subsidies, COLA, and Pension Increases
This year’s budget makes in-home care more manageable through a combination of grants, subsidies, and increased allowances:
- Monthly Carer Cost: €1,200 (Average)
- Government Subsidy (Carer at Home Scheme): €8,500 per year, reducing costs to €5,900 annually, or about €490 per month
- Additional Monthly Savings from COLA and Pension Increases: €54.16 (from the combined annual increase of €685)
Final Monthly Cost After Subsidy and Savings: €490 – €54.16 = €435.84
With the Carer at Home Scheme, eligible elderly individuals and people with disabilities benefit from financial assistance, significantly reducing out-of-pocket expenses. This makes it easier for families to access quality care without strain, allowing individuals to maintain their independence at home. MyCare Malta’s professional carers are here to assist with daily routines, medication, and companionship, supporting your or your loved one’s needs with compassion.
2. Special Benefits for Elderly Clients: Elderly Support Allowance, Pink Card, and Medical Subsidies
For those aged 75 and above, additional support is available through the Elderly Support Allowance, which provides up to €450 annually. The Pink Card also allows for free medication, ensuring essential medical needs are met.
- Monthly Carer Cost: €1,200 (Average)
- Government Subsidy: €8,500 per year (reducing costs to €5,900 annually, or around €490 per month)
- Elderly Support Allowance: €450 annually (€37.50 per month, reducing care costs further)
- Additional Monthly Savings from COLA and Pension Increases: €54.16
Final Monthly Cost After Subsidy and Savings: €490 – €54.16 – €37.50 = €398.34
For those opting for family-based care, MyCare Malta offers consultation services and assistance with documentation, ensuring elderly clients access all eligible benefits and financial support.
3. Expanded Disability Support: Higher Assistance, Carers Grant, and Equipment Aid
For individuals with disabilities, the budget increases Severe Disability Assistance to €199.61 weekly, helping cover up to 72% of a full-time carer’s cost.
- Monthly Carer Cost: €1,200 (Average)
- Severe Disability Assistance: €199.61 weekly (€10,379 annually, or approximately €865 per month)
- Remaining Monthly Personal Cost: €335 after assistance
- Additional Monthly Savings from COLA and Pension Increases: €54.16
Final Monthly Cost After Subsidy and Savings: €335 – €54.16 = €280.84
Additional benefits include:
- Wheelchair-Accessible Vehicle Grant: Financial assistance for purchasing modified vehicles to improve mobility.
- Specialized Equipment Purchase Grant: Up to €1,000 every five years for equipment such as stairlifts or motorized beds.
- Therapy Tax Credit: €750 credit for disability-related therapy costs, reducing expenses on specialized care.
MyCare Malta is here to help families navigate these resources, ensuring that clients with disabilities receive comprehensive support.
4. Additional Benefits for Elderly and Individuals with Disabilities
The 2025 budget introduces several supplementary benefits designed to support specific needs for both elderly individuals and people with disabilities:
- Assistive Device Grant: Funding for essential medical equipment, including specialized beds, stairlifts, and other mobility aids.
- VAT Reduction on Accessibility Equipment: Approved medical and accessibility equipment now have a reduced VAT rate of 5%, offering further financial relief.
MyCare Malta’s team is equipped to provide extended care options, seamlessly coordinating support for those who need continuous assistance.
Why Choose MyCare Malta?
At MyCare Malta, we are committed to making high-quality, affordable care accessible to all. With Malta’s enhanced financial support and our flexible care options, you can access professional services that fit both your budget and personal needs. Whether you’re considering our caregiving services or need guidance on family-based care, we’re here to make the process smooth and stress-free.
Get Started Today!
With these new budget benefits, there’s no better time to explore in-home care options. Contact MyCare Malta to discuss a care plan tailored to your needs and budget, and let us help you make the most of Malta’s resources for comfortable, independent living at home.
Disclaimer
All figures and costs presented here are indicative and intended for informational purposes only. Actual costs and benefits may vary based on eligibility, changes in government policy, and other factors. Please consult with MyCare Malta or relevant Maltese government agencies for precise details applicable to your situation.