Limerick failed to reach the provincial decider the following year, however, in 1994 Carey's team bounced back and qualified for the Munster final again. Provincial whipping boys Clare were the opponents and a rout took place. A 0–25 to 2–10 score line gave Limerick the win and gave Carey his first Munster winners' medal. Limerick subsequently qualified to meet Offaly in the All-Ireland final. It looked as if Carey's side were going to make history and claim the title as Limerick had a five-point lead with as many minutes left. Offaly suddenly sprang to life following a Johnny Dooley goal from a close-in free. Following the puck-out Offaly worked the ball upfield and Pat O'Connor struck for a second goal. The Offaly forwards scored another five unanswered points in the time remaining to secure a 3–16 to 2–13 victory. It was a bitter blow for Limerick who looked as if they had one hand on the Liam MacCarthy Cup. In spite of the defeat Carey was later presented with a second All-Star award.