You may be entitled to fundings for your care.
Paying for care is costly and can be a very complex situation depending on your circumstances. We will help you to make the procedures simple and easy to understand. If either you, a friend or a family member needs care and has to pay for the service then this could be a stressful period of your life. We are here to help make things stress free.
Did you know that each year thousands of people lose a huge amount of their lifetime savings to pay for care because they do not know how to claim their entitlement?
You can save yourself tens of thousands of pounds if you are eligible for care funding.
The allowance for your savings threshold is set at £23.250 as of the tax year 2014 – 2015. What this means is that if you have more than £23.250 then you are responsible to pay for your care. However, even though it sounds simple enough it can still be a complicated situation if you own a home because it may be counted as an asset which may have to cover the costs of the shortfall payments for your care.
Care funding and benefits entitlements
To work out what your entitlement would be is by assessing your circumstances.
This is based on your care fees, how much your current income is and what kind of benefits you can receive and finally how much your property is worth if you own one.
If you are in need of care and you have to pay for it, then you may be entitled to 2 types of benefits, Attendance allowance and Nursing contribution, or if you are under 65 yrs old then you maybe entitled to Personal Independence Payment instead.
Control Your Own Care Finances With Direct Payments
Direct payments are paid to a service user or to a nominated advocate.
An annual sum is agreed by social services based on a service user’s needs.The annual sum can cover the costs of care and other related costs such as incontinence costs, pads and all other related care costs.
All needs of the service user must be agreed by the social services prior to starting Direct Payments.