Funding Information
Understanding how to fund Live-in Care can be daunting.
Understanding how to fund you or your loved one’s care is often fraught with new information that is difficult to understand. The cost of care is often perceived as the first barrier to obtaining care that is highly personalized and maximizes you or your loved one’s choice and control.
NHS Funding
Health care needs are covered by the NHS.
Continuing Healthcare (or CHC) is generally available only to those with more significant nursing needs and should cover the entire cost of care. Continuing Healthcare isn’t means tested however, the level of NHS funding is driven by the nature and severity of care needs and will require an NHS assessment to confirm availability.
For more information click here.
Local Authority Funding
Local Authorities only have a limited amount of funding, and they may choose to pay for only those people who are in most need of help.
In England social care isn’t free to everyone and is means tested however, if you intend to continue living in your home (instead of moving into a residential care home), your home isn’t considered amongst the assets that are assessed. Local Authorities only have a limited amount of funding, and they may choose to pay for only those people who are in most need of help. When you contact your local authority about getting a care service it will carry out a care assessment. Depending on where you live, if your needs are assessed as low or moderate you may not be entitled to free care. If your needs do match the level set by your council, it will carry out a financial assessment.
The local authority will then produce your care and support plan based upon your needs, and administer the budget in either a direct payment, whereby you can source and arrange live-in care of your choice, or by way of the authority sourcing and arranging your care for you which will often be a domiciliary care service which you or your family may not consider adequate.
For more information click here.
Benefits
If you or your loved one needing care is under 65 years old, they may be entitled to claim benefits to help pay for their care such as the Personal Independence Payment (PIP). For more information click here.
You also may be eligible for an attendance allowance. Attendance allowance aids with additional costs if you have a severe enough disability that means you need care assistance. The level of allowance available depends on the level of care you require. For more information click here.
There are also a number of financial support options for people who devote more than 35 hours per week to caring for a relative or friend. There are strict criteria you must meet to qualify for the carer’s benefit, including being over 16 and ensuring the person you are caring for qualifies for a disability benefit.
Funding Live-in Care Privately
With changes to the way social care entitlements are calculated, we know that many individuals may not qualify for government support when looking for care. We welcome both private and government funded customers.
There are many ways to fund Live-in Care privately these include:
• From personal income, savings and/or investments
• From ‘Equity Release’
• From an annuity
At Noble Live-in Care we would strongly advise discussing your individual circumstances with a trained and authorised independent adviser (IFA) authorised by the FCA to provide financial advice before making any financial decisions. Make sure you choose someone who is qualified to offer this advice and isn’t looking to sell you a specific product or service.
NHS Funding
Health care needs are covered by the NHS./strong>
Continuing Healthcare (or CHC) is generally available only to those with more significant nursing needs and should cover the entire cost of care. Continuing Healthcare isn’t means tested however, the level of NHS funding is driven by the nature and severity of care needs and will require an NHS assessment to confirm availability.
For more information click here.
Local Authority Funding
Local Authorities only have a limited amount of funding, and they may choose to pay for only those people who are in most need of help.
In England social care isn’t free to everyone and is means tested however, if you intend to continue living in your home (instead of moving into a residential care home), your home isn’t considered amongst the assets that are assessed. Local Authorities only have a limited amount of funding, and they may choose to pay for only those people who are in most need of help. When you contact your local authority about getting a care service it will carry out a care assessment. Depending on where you live, if your needs are assessed as low or moderate you may not be entitled to free care. If your needs do match the level set by your council, it will carry out a financial assessment.
The local authority will then produce your care and support plan based upon your needs, and administer the budget in either a direct payment, whereby you can source and arrange live-in care of your choice, or by way of the authority sourcing and arranging your care for you which will often be a domiciliary care service which you or your family may not consider adequate.
For more information click here.
Benefits
If you or your loved one needing care is under 65 years old, they may be entitled to claim benefits to help pay for their care such as the Personal Independence Payment (PIP). For more information click here.
If you or your loved one needing care is under 65 years old, they may be entitled to claim benefits to help pay for their care such as the Personal Independence Payment (PIP). For more information click here.
You also may be eligible for an attendance allowance. Attendance allowance aids with additional costs if you have a severe enough disability that means you need care assistance. The level of allowance available depends on the level of care you require. For more information click here.
There are also a number of financial support options for people who devote more than 35 hours per week to caring for a relative or friend. There are strict criteria you must meet to qualify for the carer’s benefit, including being over 16 and ensuring the person you are caring for qualifies for a disability benefit.
Funding Live-in Care Privately
With changes to the way social care entitlements are calculated, we know that many individuals may not qualify for government support when looking for care. We welcome both private and government funded customers.
There are many ways to fund Live-in Care privately these include:
• From personal income, savings and/or investments
• From ‘Equity Release’
• From an annuity
At Noble Live-in Care we would strongly advise discussing your individual circumstances with a trained and authorised independent adviser (IFA) authorised by the FCA to provide financial advice before making any financial decisions. Make sure you choose someone who is qualified to offer this advice and isn’t looking to sell you a specific product or service.
Why Noble Live-in Care
YOU’LL FIND THERE’S PLENTY TO RECOMMEND NOBLE, INCLUDING:
- All-inclusive, transparent pricing - call us for a live quote
- Dedicated, long-serving Care Workers supported by a team with 25+ years’ experience
- Smart mobile technology - the team has remote access to real-time care delivery information
- A personalised matching process to select the right Care Worker for you
- Ongoing support and quality checks from your nominated Care Manager
- True choice and control - care tailored to you and directed by you
- An enabling approach that extends capabilities and maximises independence
- Our fully managed service freeing you from the responsibilities of an employer
- 24/7 emergency telephone support
- The personal touch of a small company with the security and support of our wider care group
SOLLA helps people and their families in finding trusted accredited financial advisers who understand financial needs in later life.