Your Guide to Funding Options
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Your Guide to Funding Options
When seeking care for ourselves or our loved ones, it is important to consider more than just the services offered by a care company. It is crucial to explore whether there is any financial support available from the government, such as assistance from the NHS or the Local Authority. If these options are not applicable, there are still ways to make paying for care more manageable.
Determining how to fund your care can be a complex task, but our team of experts is here to guide you through the available options.
NHS Funding
NHS funding is a possibility for those who meet the eligibility criteria. If you qualify, your entire care costs will be covered. However, it is important to note that only a small number of individuals are eligible for this type of funding. Fortunately, there are alternative options to explore.
To determine your eligibility for NHS funding, you can request a Continuing Healthcare Checklist from your GP. This quick screening test will help determine whether you should proceed with a full assessment. If you are entitled to a Personal Health Budget (PHB), you will have more control and flexibility over your healthcare. By working with your local Clinical Commissioning Group (CCG), you can access funding to support your needs, including care services.
Local Authority Funding
Local Authorities also have a responsibility, as outlined in the Care Act 2014, to assess individuals with care and support needs, regardless of their ability to self-fund. Following a needs assessment, a financial assessment will be conducted to determine if you are eligible for funding. Those with assets below £23,250 will qualify for financial assistance towards their care costs. Additionally, you have the option to request a Direct Payment, which allows you to have more control over how the funding is spent.
Self Funding
If neither NHS funding nor Local Authority funding is available to you, self-funding is another option. You can use your liquid assets or explore various financial products to cover the costs of at-home care.
Remember, our experts are here to provide guidance and support in navigating the complexities of funding your care.
- Consider All Options: Look beyond care services to explore available financial support.
- NHS Funding: Eligibility may cover entire care costs; check with a Continuing Healthcare Checklist.
- Personal Health Budget (PHB): Provides control and flexibility over healthcare through your local CCG.
- Local Authority Funding: Based on needs and financial assessments, with assistance for assets below £23,250.
- Direct Payments: Option to manage how local authority funding is spent.
- Self-Funding: Use personal assets or financial products if other funding isn't available.
How much does homecare cost?
Visiting Care (Hourly/Dedicated Support at Home )
(Prices increase based on visit duration; minimum visit is 30 minutes.)
Live-in Care (24/7 Support at Home)
(same price as a single person, offering cost savings for couples)
(Prices increase based on visit duration; minimum visit is 30 minutes.)
Key Takeaways:
– Visiting care is flexible, starting from 30-minute visits .
– Live-in care provides round-the-clock support at a weekly rate (same price for couples).
– Short-term respite care is available at £275/day .