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.

What is a Self Funder?

August 28, 2013 in Self Funders 0 Comments

HelpA self funder is someone who pays for their care costs using their own money.

They are called self funders because they are ultimately funding themselves, rather than the costs being met by the local authorities. 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.

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