Self Funding Care
Help self funders understand their self funding care options; understand care funding jargon and help to guide your self funding care actions.
Dementia is affecting an increasing number of people.
In 2012, there were around 800,000 people suffering with some form of dementia – this had an estimated cost of £23 billion a year to the UK economy says the Alzheimer’s Society; this figure is even higher than the combined costs of care for cancer, strokes and heart disease.
We need to find a way to relieve the pressure on our economy, but still allow sufferers to live in their own home at the same time.
Allowing sufferers to keep their dignity is of the utmost importance.
A campaign is being launched this month to highlight the need to test your smoke alarm SAFELY on a regular basis.
The campaign, which is called GOODPOINT has been launched after the results of a survey were revealed in which over 85% of people will endanger their lives by climbing on a chair, standing on a shelf or some other dangerous practice that they have always done to test their alarm; with the majority of those being aged over 55.
Many of us come into contact with lonely older people every day. We see them on the bus, on our way to work or ambling round the local supermarket.
They will not ask for help, but they will need it.
We all have our own experiences as to how devastating loneliness can be.
This is why ageUK needs your help to carry on funding vital services designed to tackle and prevent the problems loneliness and isolation can bring.
These are some of the services they provide:
- The Call in Time befriending service - this reaches almost 1,000 older people
- Age UK Advice – AgeUKs national telephone advice line. Which answered over 265,000 calls in 2013
- Providing Community transport services
- Providing Social activities
- Running Lunch clubs for the elderly
- Day trips to get the elderly out and about meeting new people
- Home visits – providing practical support with everyday tasks
- Classes including Fit for the Future - a fitness network that provides the opportunity for social interaction, including exercises to help stay fit and well. This has helped more than 38,000 older people stay fit and healthy
- Information guides and factsheets
- Practical assistance to access services
You could volunteer your services to charities like these, it would be appreciated by everyone.
AgeUK estimates that “more than £5 billion of means-tested benefits go unclaimed by older people every year”, the main reason is believed to be because people don’t know that they are eligible for anything. With the ageing population, the number of people requiring care has increased substantially, but with it has seen a rise in people who choose to remain in their own home, with family members – often the spouse – taking care of them, and often giving up work so that they can do so.
The Charity called Independent Age, which is designed for older people has opened a freephone number for a new advice service.
The charity’s team of well trained advisors offer advice on issues such as welfare benefits, social care and social support.
Zurich has launched a group spouse/partner life insurance cover for its corporate risk customers, rave reviews pending!
Zurich said the new proposition is designed to address a “significant gap in employee” protection and “the increasing need of the worker
To ensure they are more financially secure in the event of the death of a spouse or partner”.
There are lots of people who are currently financially vulnerable, if they were to lose their spouse or partner.
Domiciliary Care is the ideal later life solution for anyone who is self funding their care, because it allows you to stay in your own home, and can be considerably cheaper than paying to stay in a residential home. But, how does domiciliary care work?
The idea behind domiciliary care is to encourage you to live your life as normally as possible. You sleep in your own bed, you live in the home you’ve lived in for years and you do as much as you can socially.
The problem that arises is that there might be a number of things that you can’t do by yourself any more – and this can be different for everyone. Therefore, domiciliary care works by allowing you to keep hold of normality, whilst receiving a little bit of help to achieve that.
The help that domiciliary care offers is predominantly in the form of care workers who will visit you throughout the day, to aid you in accomplishing certain tasks, that will depend on your individual needs.
Paying for your care in later life can be unnecessarily confusing and stressful, so it helps if you have an idea about where you might stand financially to determine whether you will have your costs paid for, or whether you will be officially classed as a Self Funder. However, what are Self Funders?
Self Funders are people who are deemed, by the government, as having sufficient amounts of assets to be able to pay for their own care, in later life.