LATEST NEWS – Milton Keynes

As we age, it becomes increasingly important to think about how we will finance and pay for the care we need in later life. For many people, home care is the preferred option, allowing them to stay in their own homes while receiving the support and assistance they need. If you’re considering home care, it’s important to understand the different types of funding available and the organisations that can help you pay for care. 

Types of Funding for Homecare

There are several different types of funding available for home care in the UK. These include:

Local Authority Funding

If you have limited income and savings, you may be eligible for funding from your local authority. This type of funding is means-tested, so you’ll need to provide details of your income and savings to assess your eligibility.

NHS Continuing Healthcare

If you have complex health needs that require ongoing care, you may be eligible for NHS Continuing Healthcare. This is a package of care that is funded by the NHS and is available for people who require ongoing care due to a complex medical condition.

Personal Budgets

If you’re eligible for local authority funding, you may be offered a personal budget. This is an amount of money that you can use to pay for your own care, giving you more control over the type of care you receive.

Private Funding

If you don’t qualify for local authority funding or NHS Continuing Healthcare, you may need to fund your own care privately. This can be expensive, but there are several options available, such as equity release, annuities, and insurance products.

Organisations that Can Help with Funding and Paying for Care at Home

If you’re struggling to pay for home care, there are several organisations that can offer advice and support. These include:

Age UK

Age UK is a charity that provides information and advice for older people. They have a dedicated section on their website that provides information on paying for care, including information on local authority funding and personal budgets. Visit Age UK’s website for more information.

Carers UK

Carers UK is a charity that provides support for people who are caring for someone else. They have a dedicated section on their website that provides information on funding and financial support for carers. To learn more, visit Carers UK’s website.

Money Advice Service

The Money Advice Service is a government-backed organisation that provides free, impartial advice on money matters. They have a dedicated section on their website that provides information on paying for care, including information on equity release and annuities. For valuable insights, visit the Money Advice Service’s website.

Independent Age

Independent Age is a charity that provides advice and support for older people. They have a dedicated section on their website that provides information on paying for care, including information on private funding options. To explore further, visit Independent Age’s website.

Get Advice

Financing home care can be a complex and confusing process, but there are several options available to help you pay for the care you need. By understanding the different types of funding available and the organisations that can offer support and advice, you can ensure that you or your loved ones receive the best possible care.

If you’re considering homecare and need help with funding, visit the websites of Age UK, Carers UK, Money Advice Service, and Independent Age for advice and support. These organisations have valuable resources that can guide you through the process of financing your home care and help you make informed decisions. Don’t hesitate to reach out and access the support available to you or your loved ones.