Help with funding.
There are a number of different ways to fund your care. When you contact us to enquire about arranging care, we look at all your options as a matter of course but here is a summary of the various Government, local authority and NHS funding
The government allocates a Personal Budget to each person who is eligible, which is given to applicants after a successful assessment. This budget can be paid to you directly by your local authority or you can instruct them to make payments to your care provider on your behalf . You can also choose a combination of the above (for example, a direct payment with some council-arranged care and support).
You may qualify for financial help with your care via Direct Payments provided by your local council. This funding gives you the most control over your care and means that if you are unhappy with the services you’re getting, you can decide to change who gives you the care services without the process of going through the local authority. However, with this freedom comes the responsibility of accounting for how the budget is spent as well as additional responsibilities if you decide to become an employer and hire a personal assistant with your direct payment.
Local authority funded care services
Your local authority (or council) may cover some or all of the cost of care in some circumstances, but its help is means-tested. This means that who pays depends on what your needs are, how much money you have, and what level and type of care and support you require. For most people needing social care services, the first place to start is by asking your local authority for an assessment of your social care and support needs.
If the local authority considers that you need support, it will then carry out an assessment of your finances. Currently, local authorities won’t provide care services if you have more than £23,250 in savings and property (your ‘capital’). However, from April 2020, this threshold will rise (as well as the introduction of a cap on care costs), so more people will be eligible for help.
If your relation is not eligible for Government funding then there are a number of options available to help fund any care needed privately. These may include investing in an ‘immediate needs’ annuity or releasing some or all of the equity in your home. In all cases we would advise that you sought long-term care funding advice from a specialist financial adviser.