Care Home Fees Threshold – Who Pays For What?
Care services in the UK have never been entirely free, many individuals will have to pay a contribution towards their own care and lots will have to cover all of the costs. Continuing healthcare and help towards costs of care home fees are currently means-tested, resulting in only the less wealthy individuals receiving help towards social-care costs and individuals with assets of over £23,250 have to pay towards the full cost of their own continuing care.
If you receive continuing care from home, the care home fees threshold will only take into account the savings, stocks or shares that you have. If you are moving into a care home, the value of your personal home may also be taken into account. The continuing healthcare costs that you can face may amount to thousands of pounds, 1 in 10 people end up spending over £100,000 in care home fees.
Local Authorities may help to cover some or all of the cost of care in some circumstances, but who pays depends on what your care needs are, what assets you have, and what level and type of care and support you require. At the moment, local authorities will not provide continuing care services if you have more than £23,250 in your capital. However, from April 2020, this threshold will rise alongside the cap on care costs, so more people will be eligible for help sooner.
Care Home Fees Threshold – Are You Really in The Know?
Did you know, that while many local authorities reject individuals’ bids for help with costs towards care, that the NHS is obliged to provide continuing healthcare for thousands of individuals all over the UK at no extra cost! NHS Continuing Healthcare is a package of care provided for individuals with assessed primary healthcare needs.
If you are 18 years of age or older and a UK resident with assessed primary healthcare needs, you should fit the criteria and be eligible to receive FREE social-care services regardless of your assets or any care home fees threshold. To find out if you are entitled to NHS Continuing Healthcare today you can complete our quick and easy online survey alternatively if you prefer, you can contact one of our specialist experts at Continuing Healthcare Direct on 0844 248 3254 for further information and advice.