Care Fees

If you or one of your close relatives require long term care, once you have found a care home you like, inevitably you mind will then turn to how much will this care cost overtime.  After all with  residential care costs ranging from £350 to £750 per week and £500 to £1,100 per week for nursing care nursing care, depending on region and accommodation*, costs can easily add up to a small fortune generally forcing you into selling your home and even consuming  all of your capital over time.

To see just how much your own care fees could add up to, try our free calculator opposite.

*Source: Costs of Bupa Care Homes- www. bupa.co.uk. Figures correct as at May 2010

Paying for Care

That's OK the state will pay won't they?

If your need for care is overwhelmingly medical and your needs are deemed "complex or unstable", you may qualify for free NHS-funded "Continuing Care".

Otherwise, the responsibility for providing your care falls on the local authority and they are compelled to do a financial means test to see if you need to pay your own care fees.

If you have personal assets (and ½ of any jointly held assessable assets) currently exceeding only £23,250 England, £23,500 Scotland £22,500 Wales, (2011/12) you will have to pay for your own care and will probably end up selling your home and consume most if not all of your savings.

So what can be done about it – ensure you receive professional care fees advice at the outset.

Care Fees Advice

Whilst professional care fees advice may not be able to stop you having to sell your home, it can certainly ;-

• Help you ensure care can be maintained for however long it is required;
• Help you preserve as much of your capital as possible;
• Obtain impartial quotes on care fees annuities
• Explain all methods of paying for care.
• Help you evaluate which method might be best in your case.

How can you obtain professional advice?

Step One - provide us with a little background information to your circumstances by completing our secure initial enquiry form.

Step Two – One of our experienced impartial care fees advisers will call you back to discuss your needs further and outline how we can help and discuss with you whether you would like an initial free home consultation.