Paying for care
At the Future Care Group we understand that there are many things to consider when making a decision to move yourself or a family member into a care home. One of the biggest considerations is how to pay for care.
As a Group we are open and transparent with our discussions around the cost of care. We are making every effort to make sure that financial issues are planned ahead.
The following points will help you understand the costs involved when moving into a care home and your options for paying your care fees.
However we are not permitted to give you direct financial advice and therefore we have also provided a list of organisations that offer financial advice.
How much will my care fees cost?
Finding out exactly what care you need is key to understanding your financial plan ‘how much do care homes cost?’ and ‘What exactly will I be paying for?’
The answer to these questions depends on a variety of factors, such as where you live and the level of care you need. How much care you need affects how much you will pay. For example, if you need round-the -clock care you are likely to pay more than someone who is largely independent.
These care needs are determined by an assessment that can take place in a hospital, your own home or other care setting.
What is the maximum capital limit for Local Authority funding? Many people are eligible to have at least some of their care home costs paid for by their local authority. This largely depends on how much capital you have such as savings or property ownership. It is likely you will need to pay at least some of your care costs yourself if you have savings or own property above the value of £23,250.
Find out how much your chosen home may cost. Each care home will have a slightly different fee levels depending on the types of care offered and lifestyle factors, such as room sizes and physical surroundings. You will need to check exactly what your fees cover in each home.
We include accommodation, meals and laundry in our weekly fee. Other services, such as private chiropody or hairdressing can be charged as an extra cost depending on the care homes’ individual pricing policy.
Our full Terms and Conditions are clearly detailed in our contracts which will be given to you before you move in to your new home. This includes review of care fees and advice on personal content insurance.
Lasting Power of Attorney
Lasting Power of Attorney (LPA) allows a selected person (or persons) to make decisions on your behalf in the event that you are not mentally or physically able to do so. LPA can be arranged independently through a solicitor.
There are two types of LPA. You can arrange one or both:
Health and Welfare LPA
This allows your chosen attorney to make decisions about your medical care and treatment options, moving into a care home and your day-to-day routine, such as dressing and eating.
Property and Financial LPA
This type of LPA gives your chosen attorney power to make decisions about your property, such as selling your home, and any financial issues, such as bill payments or managing your bank account.
Funding your care
Depending on your circumstances, you may be responsible for paying some or all of your care home costs. It is also possible that the NHS or your local authority will cover some or all of the fees.
We can give you further guidance on looking at these funding options when you visit our homes. Eligibility criteria exists and assessments will be undertaken. Including financial assessments by ourselves and / or the Local Authority if this payment option is available to yourself.
Alternatively you can contact the organisations below:
Age UK is a charity that aims to help people navigate ageing. it provides advice on a range of subjects, including money and health. It has offices across the UK.
Citizens Advice Bureau
This organisation provides free, independent advice. It can help you understand what your financial rights are when moving into a care home. It has local offices across the country, which you can contact directly for advice.
At the Future Care Group, we never discriminate against people living with dementia, but we do recognise the unique care needs and offer specialist support for the person and their family at our individual care homes.
There are currently 750,000 people living with dementia in the UK and by 2025 this is expected to rise to over one million. A third of all people living with dementia live in care homes and it is reported that 1 in 3 people who live in non-specialist homes have dementia or undiagnosed symptoms.
Dementia is an incurable condition caused by disease of the brain which over time seriously impairs a person’s ability to live independently. Symptoms include severe memory loss, mood fluctuations and personality changes; which can present with serious confusion, agitation or aggression and physical changes including poor mobility, weight loss and sleep deprivation.
In 2009 the government set out a five-year strategy “Living Well with Dementia” to improve awareness and provide better access to specialist services, for people living with Dementia and their carers. See link:
The National Dementia Strategy (2009) has three key steps to improve the quality of life for people living with dementia and their carers:
- Ensure better knowledge about dementia and remove stigma.
- Ensure early diagnosis, support and treatment for people with dementia and their family carers.
- Develop services to meet changing needs better.
We hope this overview is helpful to you and we can also signpost you to other organisations if you require further assistance.