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.

Self Funding Care News – Keeping People Suffering With Dementia In Their Own Homes

June 25, 2014 in Self funding care at home, Self funding nursing care, Self funding residential care 

mental-healthDementia 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.
Read More

Self Funding Care News – Fire Safety

June 18, 2014 in Self funding care at home, Self Funding Care News, Self funding nursing care, Self funding residential care 

smoke-alarm-safetyA 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.
Read More

Self Funding Care News: Cuts could mean fewer elderly will be looked after

December 16, 2013 in Self funding nursing care, Self funding residential care 0 Comments

how do I self fund residential care?Since the governments austerity programme started, the number of older people who would have received state funded care and support in England has fallen dramatically.

There are almost half a million less old and disabled people receiving care and support from the public purse than would have been the case before the financial crisis in the UK.

 

The research has been released just as MP’s vote Today on the coalition’s care bill, which aims to overhaul the care system in England, but is threatening to tighten the rules further of eligibility for state support.
Read More

Self Funding Care: Types of Care Home

November 13, 2013 in Self funding nursing care, Self funding residential care 0 Comments

Twhat is NHS registered nursing care contribution?here are several types of care home available to people looking for self funding care.  Each type of care home is suitable for a different variety of personal needs, and typically these are broken into two categories: Residential Care and Independent Living.
Read More

How Do I Self Fund My Care Home?

August 7, 2013 in Self Funders, Self funding nursing care, Self funding residential care 0 Comments

self funding care what is domiciliary care?There are two predominant reasons why you might self fund your care home.  The first – and most common – is because you have more than £24,500 in savings and/or assets and have therefore been considered capable of supporting your own care needs.  The second reason is because you have made the conscious choice that you would prefer to self fund.

In other words, there is nothing that says that you have to accept any kind of assistance paying for your care home. There are many reasons why people prefer to self fund, including the idea that self funding allows more independence regarding choices that are made regarding your overall care, such as where you live.

Read More

Self Funding Care: How does Nursing Care Work?

July 31, 2013 in Self Funders, Self funding care FAQs, Self funding nursing care 0 Comments

HelpMany people confuse nursing care with residential care, and that’s understandable because they are very similar.

However, it is important to distinguish between the two so as to help you to understand how nursing care works.

Residential care is when you move into a care home, and are looked after by trained care workers.

This is the ideal option for you if you struggle to do things by yourself, but do not have any serious illnesses or disabilities.

Nursing care, on the other hand, is essentially the same as a care home, however the care home will be registered as a nursing home, and instead of care assistants, you will be looked after by fully qualified nursing staff.

Nursing care is typically recommended for anyone whose health has deteriorated and would benefit from round the clock medical care.  Nursing care is not exclusive to later life, but anyone with a serious illness or health problem may be referred to nursing care.

Read More

What are Self Funders?

July 17, 2013 in Self Funders, Self funding care at home, Self funding care FAQs, Self funding nursing care, Self funding residential care 0 Comments

what is NHS registered nursing care contribution?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.

Read More

What Does Self Funded Mean?

July 10, 2013 in Self Funders, Self funding care at home, Self funding care FAQs, Self funding nursing care, Self funding residential care 0 Comments

Self Funded

Self funded is a term that is thrown around a lot, especially when it comes to later life solutions.  In really basic terms, when it comes to paying for your later life care needs, you will either be funded or self-funded.

Funded means that your costs are paid for by the government, whilst self funded means that you have to pay for your care out of any assets that you might have, including any money and property that you own.

To be considered as “self funded”, you will ordinarily have assets of at least £23,250.  But the real criteria is that you are considered to have enough weekly income to cover all of your care costs.

Read More