Paying for a nursing home or care home can be very expensive. Indeed with nursing home fees costing anything between £750 - £1400 per week paying for a nursing home can cost a family a staggering £39,000- £72,800 per year! To discover how much this could amount to over time and to check entitlement to benefits and identify your annual shortfall in income, why not use our simple care fees calculator.
Paying for nursing or residential care homes is a nightmare made even worse by the complexity of rules surrounding just what the state will pay for, especially who can be entitled to free NHS Continuing Healthcare. This is quite often compounded by the limited information local authorities provide, especially once they realize you will need to pay for your own care, just because your capital exceeds £23,250 (England) £40,000 (Wales) £27,250 (Scotland) – (2018/19). When you then add into all this the uncertainty of not knowing just how long care will be required for, it can cause tremendous anxiety -especially if you don’t want to have to move your parent should their money runs out. That’s why professional care fees advice and planning is priceless. Unfortunately nearly 1in 4 people who fund their own care run out of money because they don’t consider all of their options or take proper advice at the outset* *Source: LGIU Independent Ageing Report 2013
Don’t be one these. With proper care fees advice this needn’t be the case. This is where we can make a real difference.
Here at Advice on Care we are regularly helping families pay for nursing and residential care homes and fully appreciate the dilemma you face over funding care fees and will use our knowledge and experience to help you look at all of your options for paying for care homes. So once you know you have to be a self-funder we will look to ensure you are getting all you can from the State and then consider all funding options including :-
The value of investments and the income they produce can fall as well as rise .You may get back less than you invested.
We will then help construct a personalised, robust and individual nursing home care plan that not only aims to ensure continuity of care, but also caps the cost of care and ensures your parent or relative doesn’t need to worry about running out of money.
So if you are paying for a parent’s or relative’s nursing home and would like some professional advice on paying for the fees, call Advice on Care today on 0800 180 4336, where we will be pleased to help.
Don't jeopardize your parent's care. Minimise the cost and ensure it can continue to be received indefinitely. Book your appointment today and receive invaluable advice on claiming benefits and all options for paying for care.
Our specialist and highly qualified advisers can help save you considerable sums of money.
Head Office Address:
Advice on Care
267 Barrowby Road, Grantham, Lincolnshire, NG31 8NR
Southern Regional Office Address:
Advice on Care
40 Caversham Road Reading, Berks, RG1 7EB
Telephone: 0800 180 4336
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The information contained in this web site is for general information only and is not financial, investment or tax advice. It is also subject to the UK regulatory regime and is therefore restricted to consumers based in the UK. If you would like to discuss a particular issue or generally ask us how we can advise on your particular situation then please contact us.
Advice on Care is a trading style of Keith Hargraves who is an appointed representative of Intrinsic Financial Planning Limited and Intrinsic Mortgage Planning Limited, which are authorised and regulated by the Financial Conduct Authority. Intrinsic Financial Planning Limited and Intrinsic Mortgage Planning Limited are entered on the FCA register (https://www.fca.org.uk/register/) under reference 440703 and 440718.
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