Cost of Care
Understanding the costs of care and exploring financial support options
- Cost of Care
What You Need to Know
Discover what financial assistance is available to help you or your loved one pay for their care costs.
- NHS Funding – NHS funding covers your full care costs if you qualify. You can ask your GP for a Continuing Healthcare Checklist, which is a quick screening test to determine if you need a full assessment. This will determine whether you are eligible for a Personal Health Budget (PHB).
With a PHB, people living with a disability or long-term health condition have more choices, control, and flexibility over their healthcare. Local Authority funding – Local authorities are required under the Care Act 2014 to assess all individuals with care and support needs, regardless of whether they are self-funding. After the needs assessment, a financial assessment will be carried out to determine if you are eligible for funding for your care. Individuals with assets not exceeding £23,250 will be eligible for funding towards their care costs. You can choose to receive your funding as a Direct Payment, which gives you control over how you spend it.
Self-funding care and support – If you are unable to have your care funded by your Local Authority or the NHS, you have the option to pay for at-home care using your liquid assets or by using various financial products, such as equity release, to help cover the costs.
- Links to Benefits
Understanding the Expenses of Care in the UK
Here are the simplest ways to maximize income. Taking advantage of this can help you afford the care you need.
Attendance Allowance
Carers UK
Pension Credit
GOV.UK
Understanding Pension Credit
Nidirect
Carers Allowance
GOV.UK
NHS Funding
PHB's
Direct payments
GOV.UK
Equity Release
AGE.UK
Cherish Home Care
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If you want to continue living comfortably at home, contact Cherish care team today to create a customised care package that meets your needs.
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At Cherish, we understand how important it is to feel safe, comfortable, and happy in your home. Whether you have specific questions or need guidance, we are dedicated to being there for you every step of the way.