Myth‐busting guide to funded and self‐funded care
April 11, 2019
Working out how you will fund your care, especially over the long‐term, is often a confusing and overwhelming experience. With so many different buzzwords to decipher and boxes to be ticked, it can sometimes feel like an uphill battle.
But it doesn’t have to be this way. Help is available from a number of organisations, including charities, local authorities, care providers and more to help you navigate your way through the process. To get you started, Holmes Care Group have put together a short guide to point you in the right direction
First things first
Before you begin delving into the different types of funding available you need to have a clear idea of the kind of care you or your loved one will need. This means requesting a Care Needs Assessment from your local authority.
As part of this assessment, your specific care needs will be looked at and the council will also look at your personal finances, including your income and savings to see if you qualify for additional support. This will help determine what kind of care home is right for you personally and financially.
It is important to note that regardless of your financial status, this assessment is free of charge and you are fully entitled to it.
Am I a self‐funder?
There are two main types of care home resident – those who fund the care themselves (a self‐funded placement) and those who receive full or partial funding from the local council (a funded placement). To receive council funding, the council will assess your income, capital and savings during your Financial Assessment and work out if you qualify for full or partial support.
In England, to be a self‐ funder, you need to have savings worth more than £23,250 and/or own your own property. In Scotland, the figure is set at £23,750.
What other options are there to self‐fund my care?
If you find that you don’t qualify for council funding there are several other ways to help fund your care. The most controversial of these is selling your home, but before you panic about this and start making arrangements, remember that your home is unlikely be viewed as an asset if you live with a partner, child, or a relative who is disabled or over the age of 60.
This is why it is so important to get a Financial Assessment even if you think you might be a self‐funder – the assets you own might not always count towards how much the council decides you can pay, and you might still qualify for support.
For those who don’t fall into this category, there are other options out there to help. For example, some people decide to rent out their home instead, using the rental value towards the cost of their care and allowing for the home to be passed on to loved ones when the time is right.
In Scotland, there are even more options to help you pay for a care home. For example:
- Care home ‘top‐ups’: a friend or relative may be willing to provide a top‐up, which can enable you to select a care home that costs more than the amount provided for by your council
- Care home insurance: after an initial lump sum is paid, an Immediate Need Care Fee Annuity provides regular tax‐free income towards your care home placement
The care home I like costs more than the council is willing to pay. What can I do?
If your preferred care home’s costs exceed the payments made by your Council, you or a relative can make top‐up payments. This allows you to live in the care home of your choice while also receiving help from the council.
Holmes Care Group can talk you through the process to make this easy as possible. Read about choosing a care home.
Remember that there is plenty of help out there to guide you through the process.
If you need further advice on financial options and guidance, you can contact the below impartial services:
- Age UK on freephone 0800 169 6565
- Independent Age on freephone 0800 319 6789
- The Money Advice Service on freephone 0800 138 7777
Alternatively, you can contact the Holmes Care Group on 01708 251227 for further assistance. We’re always happy to help!
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Kind words from our residents and their families
Baytree Court is a very relaxed home, pleasant staff and one of the nicest homes I visit, always get a smile. Service users seem happy.
Glenys Newbury - Health Care Community Worker
Almond View Care Home
To all the staff at Almond View - a big thank you for looking after Mum, with such kindness and dedication. Despite living 400 miles away, I always had a good feeling that she was in good hands. When I did visit, the staff without exception, stopped to chat to us even though they were extremely busy. Please accept my heart felt thank you to you all - a real credit to Almond View.
Bankview Care Home
Thank you for the excellent level of care that my father, Frank Boyle, has received. Bankview demonstrated for us the template for a care home and how it should feel and be run. Friendly, welcoming, excellent care levels, length of time staff remain loyal to the home and above all a clear and comforting atmosphere of great leadership.
Barbara and Jan
Social Work Department
Bankview Day care is welcoming and homely, meeting a wide range of needs with well trained staff and individual care for each client.
Bankview Day Care Centre
Bankview Day Care Centre
I understand why mum loves coming to Bank view Day-care it’s a home from home and the activities offered are excellent
Bankview Day Care Centre
The day care centre has made a huge difference to my life. Best thing I ever done, my week was boring now I have days out and shopping trips and good company.
Baytree Court Care Home
We can not thank you enough for all the care, support and attention the staff at Baytree Court have given Marc. The staff have always given their time and support to us on visits which has meant a great deal.
Doreen and Yvonne
Beechwood Care Home
Both mum and I were most impressed with Beechwood and we have decided that is where we would like Dad to come to. You have put both mine and mum's minds at rest knowing that Dad will be looked after.
K Macdonald in memory of my Aunt Jean
I can't exaggerate the admiration I have for the management and staff of Craigielea. I've never experienced so much patience, coaxing, kindness and care. These people share their lives and emotions, laugh and cry and mourn for the people who entrust themselves to care.
Craigielea Care Home
J Ellis in memory of Steve
The staff talked about my best friend being an inspiration to them, despite his illness It made me change my approach with him, instead of being despondent and sad, I spoke with him the way we had always been with each other. The staff saw him as a person.
Craigielea Care Home
My uncle, who is a retired GP, recently visited Dad on a trip over from Canada and commented that Craigielea is one of the best places he has ever seen in his experience of elderly care units. Very homely, calm, relaxing and wonderful staff. Keep up the fantastic work you do!
I am writing to put on record how grateful, I and my family, are for the excellent care George received while in your care. He could not have had more or better care. Please pass on to your staff our appreciation of their kindness, help and caring attention we all received.
From the greeting at my first visit, I felt the genuine care and pride in their work shown by your staff. I cannot praise too highly, all of your caring staff for their dedication. I thank you so much.
Beryl Ford and Family
My mother was placed in this home by Queen's Hospital, Romford, on Gold Standard End of Life care. Consequently, she was only there for a short period of six weeks. During that period she was kept safe, warm and clean and was treated kindly with respect. The patience of the nursing/support staff was outstanding. Everyone from Matron, Admin, Cleaning and Laundry staff was caring, considerate and obliging. True professionalism and quality of care.
Tudy Cannin in memory of Mrs I M Haselgrove
A lovely home with working professional angels. Cannot recommend this enough. My mother was really looked after and her needs were met. They cared, supported, listened and had empathy. The home has beautiful grounds, rooms lovely warm and cosy and always a welcoming helpful face around.Will always be grateful for everything they all did.
Grandholm Care Home
In all my visits I have been most impressed with the Care and Attention shown by all your staff, who are professional and courteous at all times. We are always welcomed with a friendly smile which makes us feel very much part of the home and being involved
Grandholm Care Home
Please accept my sincere congratulations for performance and efficiency of Grandholm Care Home. The home provides a very professional, caring and motivational environment with an abundance of patience and understanding. The home is a credit to your team and one of the best in Aberdeen.