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At some point during the later years of their lives, many people develop ailments, begin to suffer from illnesses, or are diagnosed with life-limiting conditions. These ailments, conditions, illnesses will vary from person-to-person, but, ultimately, in many cases will leave them in need of some kind of care. This care can be provided in a number of ways. Some patients may decide – or their circumstances might dictate – a move to a residential care home is what’s best for them. Others prefer the familiarity of their own home, instead opting for live in care. Whilst widely seen as the cheaper option, live in care can be quite expensive – live in care costs can be surprisingly high in some instances. Although live in care costs will typically vary depending on time and level of care being administered, it wouldn’t be too unrealistic to expect to spend between £550 and £800 a week. Based on the live in care costs at the lower end of that estimate (£550), a patient (or client as some care agencies prefer to know them as) could expect to spend up to £30,000 each year. It’s a significant amount of money, and an amount that not all patients, or their families could realistically be expected afford. It’s well worth arranging meetings with individual care agencies to get a better, and more precise idea regarding live in care costs, though. This process will enable anyone carrying out a search for the right home care agency to develop a more informed opinion before making a final decision. For those people with considerable amounts in personal savings, the process of funding live in care costs is likely to be considerably easier. However, those without may have to rely on support from government bodies. Local government authorities may offer funding for those with assets totalling less than £23,000. Although only a contribution, it can go a great way towards helping fund live in care costs. If circumstances where assets fall under the £14,000 bracket, a local government authority might cover all of the live in care costs. As in this situation they’d be covering the majority of the costs, it’s likely that the choice of care would be limited to the most cost-effective options. And in all likelihood a private contribution would still be required. There are other sources of support that could be turned to, also. For example, someone receiving care could benefit from attendance allowance, disability living allowance, whilst their carer could be entitled carer’s allowance. Attendance allowance is available to those aged over-65 who’re suffering from or affected by a physical or mental disability and require assistance in looking after themselves. It’s also tax-free, and could be used to help fund the live in care costs. Disability living allowance is another tax-free benefit that those who require care, due to a physical or mental disability, can apply for. The amount an applicant receives depends on how severely the disability impacts them. In most examples, the amounts of savings an applicant may have saved won’t have an impact on the success of the application. The Independent Living Fund and NHS Continuing Health Care (CHC) are two more great sources someone looking to fund live in care costs could turn to for help. Overall there’s an array of ways in which live in care costs could be funded. Live in care is typically viewed favourably by many recipients of care as it allows them to remain within their own home. This article looks at live in care costs and the possible options when it comes to funding them. In order to find out more about live in care, visit Helping Hands.
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