We completely understand that many people will worry about the potential cost of their live-in care. However, at ANA Nursing we do our utmost to keep our prices as low as possible while maintaining the best standards; and you’ll be interested to find that, conditional on eligibility, there are some government benefits that could help out too.
We are of course not qualified to offer you advice on which method of funding you should pursue – for that you will need to speak to an independent financial advisor – but here is a summary of a few options that are available to you.
Government help with your live-in care funding
When you go to your local authority to ask for funding help and advice they will ask their social services department to carry out an assessment to check whether you qualify for government assistance. Currently this means that if you have less than £23,000 in capital (some local authorities may include the value of your home in this figure, others will not) they will most likely part-fund your help at home; if it is above £23,000 you will be classified as self-funding until your capital drops below this figure.
For the specific rules that your local authority follows you will need to speak to them directly. Assuming that you are eligible for benefits to help fund your health care at home, here are a few you should know about:
If you don’t qualify for government funding, you’ll need to think about paying for your own live-in care. Aside from savings there are many different options available to you, such as:
To find out more about these live-in care funding methods and more you should speak to an independent financial advisor – they will be best placed to offer advice on the best plan for your individual circumstances.