What are care home fees?
When living at home becomes unsafe or unworkable due to old age, mental incapacity or physical disabilities, residential care may offer the services and safety an individual needs. Most people will have to contribute towards the cost of their accommodation and personal care (although nursing care is currently covered by the NHS).
How much will I have to pay?
Unless you choose and fund the residential placement privately, your local authority will normally play an important role in making the arrangements for your care. The first step is a care needs assessment, which establishes exactly what care and services you need. The amount you pay will be calculated by completing a means test. Following national guidelines, this test assesses your ability to contribute towards care costs, given your income and assets. If a spouse, partner or close family member still live in your home, its value will not be included in the calculation. If your assets total more than £23,250 you will be expected to pay your care costs in full.
The Care Act 2014: what it says about care home fees
The Care Act makes many changes to the way the social care works across England and Wales. It comes into force in two stages – April 2015 and April 2016. From April 2016, nobody will be expected to contribute more than £72,000 of their own money towards the care and support services they need. In addition, April 2016 will also see the current asset threshold of £23,250 rise to £118,000, reflecting the vastly increased value of properties over recent decades.
If you’re worried about care home fees, Wrigleys’ experts are here to help. We can make sure that your needs are properly assessed, challenge funding decisions and advise on the best way to pay for care and deal with your property under the new rules.
For more information, visit our Health & Care website or call us today on 0114 267 5588.