does old age subsidy in a nursing home go by how much that person has in their bank account
3. The maximum an individual will be charged to live in a long-term care facility. is $2,800 per month. Upon moving into a home you may have a financial assessment completed to determine if you are eligible to receive a subsidy toward this cost.The subsidy may cover the full amount or a portion of the cost.o, you do not have to sell your home if you move into a long-term care facility. or personal care home. However any income you receive from renting or selling your home may be considered in the financial assessment and may affect whether you receive a subsidy.