In 2016, a room in a residential home in the UK would cost an average of 600 Euros per week while one in a nursing home charged 726 Euros for the same period. Understand that these are just average rates, which could be relatively higher, depending on where you live.
Who Qualifies for Financial Assistance?
If you have been assessed as needing home care assistance with capital that is not beyond 23, 250 Euros, you could be entitled to the local authority financial support. With capital less than 14,250 Euros, you should be given full support and if it falls between 14,250 and 23,250 Euros, you are expected to pay a funds tariff of 1 Euro each week for every 250 Euros. Your assets may be calculated, and if they are worth more than 23,250 Euros, you may be expected to pay for your care privately. Currently, care is being means tested, meaning that the more finances you have, the less support you get from your local authority. If you have a continuing care need, you may be funded fully by NHS.
Care Home Fees Range
Costs vary largely across the country, depending on the type of care required and where you live. For someone who has dementia, there are high chances of having the fee increased by a care home as the level of support needed higher. The highest rates are mainly in South East England, and the lower ones are in Northern Ireland and North England. The 2015-16 financial year recorded an average weekly fee of 897 Euros in South East nursing homes and in the North East, there was an average recording of 566 Euros. With this figure, the average nursing fee across the UK was approximated at 726 Euros. Care homes were seen to have lower fees, with the 2015-16 averaging 600 Euros weekly.
The Care Cap
In 2016, the government planned to implement a cap on the fee every citizen would have to pay for their lifetime care. This amount was set to be 72,000 Euros. However, these plans were then pushed to April 2020, leaving the responsibility of care to the local authorities for those whose assets and incomes are below the threshold.
Do you have a choice of Care Home?
You are free to make a choice of the kind of home you want even in if you prefer a different county, as long as you are willing to cover the fee between what the local authority is willing to pay and what the care home charges. It means that you must have some discretion over moving to a nursing home or residential care. If the local authority is willing to cover 600 Euros for instance, and the care home charges 800 Euros, it is upon you to make plans to cover the extra 200 Euros. If your assets are less than 23,250 Euros, you may not be in a position to meet the care home fees unless you have a third party contributor who is ready to top up over the long term.
The Means Test
This test takes account of your capital such as property and savings. If you hold capital with someone, for instance, the savings account is treated as equally divided between the two of you. If your partner is alive and lives in your home, the property may not be included in the means test. Certain avenues of income such as pensions may also not be included. After the means test, you may be given a written record of the decision made regarding the amount you are supposed to pay and what the local authority will contribute.
For more information, visit: ME Law.