A Guide to Paying for Care Home Fees
Paying for care can feel overwhelming, and many families are unsure how care home fees work or what support may be available. At LuxuryCare, we’re here to guide you through the process and help you understand how care fees are calculated, the different ways care can be funded, and the options available for planning long-term care. Our team is always happy to talk through your situation and support you in making the right decision for your loved one.
Understanding the Different Ways to Pay for Care Home Fees
Paying for care can feel overwhelming, and many families are unsure how care home funding works or what support may be available. At LuxuryCare, we aim to make the process as clear as possible by helping you understand the different ways care can be funded and what options may be available to you or your loved one.
Self-Funding Care
Many residents initially pay for their care privately, often referred to as self-funding. This usually means using personal income or assets to cover care home fees.
Self-funding may involve using:
- Savings or investments
- Pension income
- Proceeds from selling a property
- Other personal assets
Self-funding allows families to choose the care home and level of accommodation that best suits their needs. Our team can help explain the typical costs involved and discuss options for planning ahead.
Deferred Payment Scheme
Kanesbury Care can discuss deferred payment arrangements for residents who may own a property.
Under a deferred payment arrangement, care fees can be deferred and repaid at a later stage, when the property is sold. This type of arrangement can provide additional flexibility for families who need time to organise their finances.
Our team can explain how the deferred payment options work and whether they may be suitable for your circumstances.
Local Authority Top-Up Funding
In some situations, residents may receive financial support from their local authority following an assessment of their care needs and financial circumstances.
However, the funding provided by the council may not always cover the full cost of care at a particular home. In these cases, families may choose to pay a top-up fee to cover the difference between the local authority contribution and the cost of care.
This allows residents to receive care within the Kanesbury Care environment while benefiting from partial support from their local authority.
Government Support and Benefits
Depending on personal circumstances, residents may also be eligible for certain government benefits that can help contribute towards care costs.
These may include:
- Attendance Allowance
- Personal Independence Payment (PIP)
- Other forms of financial support, depending on eligibility
Eligibility for these benefits is determined by individual circumstances and care needs. The Kanesbury Care team can help guide families towards the appropriate information and resources when exploring available support.
NHS Continuing Healthcare (CHC) Funding
Kanesbury Care supports families through Continuing Healthcare (CHC), a funding scheme that can cover the full cost of care for those with complex medical needs.
Our experienced team will guide you through the assessment process, paperwork and next steps with clarity and confidence.
We’re here to help you understand what you may be entitled to and access the support you deserve, without added stress.
Our Home for Life Promise
Kanesbury Care’s Home For Life promise gives families long-term peace of mind, ensuring continued care even if private funds are depleted.
Designed for privately funded residents, it provides security, stability, and a commitment to ongoing support within our homes.
With a focus on dignity and continuity, we’re here for every stage of the journey.
Speak to Our Team About Paying for Care
If you would like to discuss the different ways to pay for care, our team at Kanesbury Care would be happy to help. We can talk through the available funding options, answer any questions you may have, and help you understand what may be most suitable for your circumstances.
Learn More About Paying for Care Home Fees
Care home fees can be paid in several different ways depending on an individual’s financial circumstances. Some residents pay for care themselves using savings, income, or assets, which is often referred to as self-funding. Others may receive financial support from their local authority or qualify for certain government benefits that contribute towards care costs.
Who pays for care home fees?
In many cases, individuals initially pay their own care home fees. If a person’s savings and assets fall below the threshold set by the government, they may become eligible for financial support from their local authority following a financial assessment.
What does self-funding a care home mean?
Self-funding a care home means paying for care privately using personal income or assets. This may include savings, pension income, investments, or proceeds from selling a property. Self-funding can provide more flexibility when choosing the care home and accommodation that best suits individual needs.
Can the local authority help pay care home fees?
Yes, depending on a person’s financial circumstances and care needs, the local authority may contribute towards care home fees. This usually requires both a care needs assessment and a financial assessment to determine eligibility for funding.
What are care home top-up fees?
A care home top-up fee may apply when a resident receives funding from their local authority but chooses a care home that costs more than the amount the council will pay. In these situations, a family member or third party may choose to pay the difference so the resident can stay in their preferred home.
Are there benefits that help with care home fees?
Some people may be eligible for government benefits that help contribute towards care home fees. These may include Attendance Allowance or Personal Independence Payment (PIP), depending on individual circumstances and eligibility.
Can care home fees be deferred?
In some cases, care home fees may be deferred if a resident owns a property but does not wish to sell it immediately. Deferred payment arrangements allow care fees to be repaid at a later stage, often when the property is sold. The team at Kanesbury Care can provide more information about how this may work.
What happens if someone can no longer afford care home fees?
If a person’s financial circumstances change and their assets fall below the government threshold, they may become eligible for support from their local authority. It is always advisable to discuss financial planning early so families understand the options available for funding care.
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Enjoy Complimentary Room Decoration for New Residents
As part of welcoming new residents, we offer complimentary room decoration to help create a calm, personal space from day one. Our team will decorate the room in your chosen colour ahead of arrival, so your loved one can settle in more comfortably and begin to feel at home straight away.