How to pay for Live-in Care.

While most people would prefer live-in care over a nursing home, not everyone considers it for fear that it might be too expensive. What many people aren’t aware of is that live-in care prices are often in line with those of residential care homes, and can be significantly less.

Because live-in care is tailored to you, you don’t need to pay for the running costs of a large organisation or for services that you don’t need. The truth is, live-in care is much more affordable than you might think, and there’s plenty of support available to help cover the cost. 

Local Authority Funding

Your local authority can carry out a needs assessment to see if you’re eligible for financial support.

If you have savings and assets above a certain amount (£23,250 in 2019/20), then you may need to self-fund care. However, since live-in care takes place in the family home, there’s no  need to worry that the value of your home will count against you when getting an assessment.

Self-funding

It’s possible to self-fund for care through savings, pension income or financial support from family. If you’re over 65, you may qualify for Attendance Allowance, which isn’t means tested and can contribute to the cost of live-in care. If you’re not of retirement age, the Personal Independence Payment might be an option instead.

It may be worth considering downsizing your home, as smaller properties are easier to get around and require less maintenance, while still giving you independence.

Funding from the NHS

In some cases, the NHS will fund all home care costs. This is usually due to an individual having complex needs that require ongoing, specialist care at home.

To book your free care assessment and find out more about how live-in care could work for you, call us on 01733 808531.