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 funders are individuals who are deemed capable of paying for their own care needs. This could be care in their own home, or care in a residential or nursing home.
Someone is normally considered able to pay for themselves if they have assets over £23,250. This could include savings, pensions and any other money that might be paid to them, such as rent payments.
In later life when doing the daily routine becomes a real chore, there are several options that you might choose to help make life a little bit easier. You might choose to remain in your family home whilst receiving regular visits from a Care Worker who will assist you in doing the things that you aren’t able to any more – things like cooking or getting out of bed in the morning. Another option is to move into a home where you will be taken care of on a 24-hour basis. These two are the most popular alternatives to later life living, however what does it mean if you are told you your needs will be self funded?