Live in Care - Planning the Cost
Understanding and Planning the cost of Live In Care
Paying for a live-in carer can be a preferable alternative to a care home. It enables you to stay in your own home, with direct person-centred care tailored specifically for your needs - to be given to suit you, rather than having to fit around someone else's timetable.
When deciding about the next stage of your care journey, if you are considering having Live-in Care, rather than having to move from the home where you and your memories have been for many years, the cost of the different choices that you have are important considerations.
As with all aspects of deciding on your future care, it is important to get the best advice available, so as to be able to make a properly informed choice, that will meet all of your requirements.
Currently, people with household assets of £23,250 will be expected by the government to fund the cost of their own care. This is known as "self funding". There are various options as to how this may be achieved and it is important to know about all of the possible methods of funding, before making a decision. Click here for more information.
Detailed financial advice should always be sought and we urge people to do this from a reputable source. To that end SOLLA, the Society of Later Life Advisers was set up in 2008 with the aim of ensuring that older people are given access to financial advice that will properly consider their financial needs in all the various circumstances that later life can bring.
Details of SOLLA can be found here.