Long Term Care & Funding

If you or a loved one is in need of long term care there can be many difficult decisions to make about their needs. Not only will decisions need to be made about who will provide the care there are also issues to consider as to how the care will be funded.  There are a number of options for funding long-term care which can be complicated to understand. So if you or a loved one need to pay for care at home or in a care home, it’s important to know the facts.

Planning for long-term care?

RJS has extensive experience in advising clients on the planning requirements of long-term care.  We can advise on a number of issues including liaising with IFAs to establish suitable financial provision.

How much will you need to pay for long-term care?

This all depends on your health and mobility, what level of help and support you need and the value of your savings, assets and income.  You could end up paying for all of it, some of it or nothing at all.  There are a number of funding options available depending on your circumstances:

  • NHS funded care – depending on your needs, you may qualify for NHS funded care.  However this is only usually available for care required to be given by a registered nurse and is not available for residential care.
  • Local authority funding – your local authority may be able to help with the cost of residential care.  They can also help you arrange care to allow you to stay in your own home.  Any funding you receive will depend on your needs and how much you can afford to pay for your care yourself.
  • Self-funding – many people who have any significant assets will be required to pay for the costs of their residential care.

How can we help?

  • Advise on availability of NHS or local authority funding
  • Advise on whether you will be required to self-fund
  • Advise on other options that you may consider to help fund your care
  • Assist with any appeal against a refusal of NHS or local authority funding