Funding Your Care

Understanding how to pay for your care may be a challenging procedure, particularly for the elderly and their families. We at Southood Healthcare recognise this problem and are ready to assist.

Our team of professionals is informed about the many funding options for long-term care and can assist you in exploring all of your options. We have developed contacts with experts in the financing of elderly care, guaranteeing that you have access to the best solution for you and your family.

There are four primary options for funding your care to consider:

Privately funding care:

There are currently various financial options available to help you pay your bills in a straightforward and long-term manner. Immediate Care Plans (ICPs) or Care Fee Payment Plans (CFPPs) are tax-advantaged insurance plans that cover all or a portion of your care costs. Another alternative is equity release, which allows you to earn cash or income from your house while remaining in it. When evaluating these options, it is best to get expert counsel.

Local Authority funding:

Local authority funding might help cover the expenses of hourly or live-in care. This sort of funding, unlike healthcare funding, is means-tested and is based on a variety of criteria, such as income and savings. A care needs assessment and a financial assessment will be required to establish the degree of help you need and how much you are liable to pay.

NHS Continuing Healthcare Funding:

Individuals with considerable continuing healthcare needs may be eligible for NHS Continuing Healthcare, which offers free care that is provided and paid for by the NHS. A detailed assessment of your needs determines your eligibility for this funding. If you are qualified, you may be able to use a personal health budget to tailor your care.

Southood Healthcare is available to assist you with benefits entitlements, understanding NHS Continuing Healthcare, managing local authority funding, or exploring private funding options. Our objective is to guarantee that you understand how to pay for your care and that you discover the best option for your needs.

Benefits entitlements:

It is critical that you claim all of the benefits to which you are entitled. These benefits are often simple to apply for and are not means-tested, which means they do not take your income or savings into account. Attendance Allowance, Carer’s Allowance, Pension Credit, and Council Tax Reduction are examples of these benefits.

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Southood Care is happy to come out and examine your care and support needs in order to provide you with an accurate quote. This will be 100% free with no conditions attached.