No parent likes to see their child waiting for essential treatment or equipment and many parents are opting to pay for services or equipment themselves. This can be a huge on-going expensive.
There are a number of way parents can reduce this out of pocket expense.
Your Med1 Form allows you to claim a tax refund on most medical expenses. You can reclaim 20% of the medical expenses for you and your family incur on medical bills such as:
- Ø Doctor & Consultant visits
- Ø Reports & Assessments
- Ø Hospital or nursing care
- Ø Medication costs
- Ø Physiotherapy, OT & Speech Therapy
If you want to purchase medical equipment to help your child with independent living you are entitled to claim a VAT refund. The rule is that it must be specifically for your child and assist them in some way. Before you purchase an item, check that the Revenue will give you back the VAT. Below are some examples of items that you can claim VAT on.
- Ø Drinking & eating aids
- Ø Hoists and lifting equipment
- Ø Stair lifts & walking aids
- Ø Purchase & adaptation of car
- Ø Communication aids
This list can be expanded, especially if a Therapist prescribes a piece of equipment such as a computer, software or an iPad.
Relief for building works
If you renovate your family home to make it user friendly for your child, remember that you can also claim back the VAT on building materials and labour cost directly associated with the disable builds. You potential could also claim under the Mobility Aid Grant or Housing Adaptation Grant, both grants are means tested.
What to do next
To help you I have written a booklet “Your A-Z Guide On Special Needs Entitlements.” This booklet is exclusively for my clients but I am making it available to all parents for free up until 30th of July 2013 by calling 021 482 3635 or email firstname.lastname@example.org.
Fund Your Special Child’s Trust From Entitlements Today – For A Brighter Tomorrow
This article was prepared by Allan Cuthbert, a Special Needs Trust Planner. If you have a Trust planning question, feel free to email email@example.com or call 021 482 3635. To see why all parents must set up a Special Needs Trust, check out www.financialwellbeing.ie