Care Home Funding | Paying for Residential Care

Paying For A Care Home

Here at Jackman’s Lodge, we understand you may be nervous about paying for your, or your loved one’s, residential care home. Paying residential care home fees and trying to find out which elderly care funding options apply to your loved one’s needs can be a stressful process. If you are having financial concerns about funding for elderly care home fees, we’re here to help every step of the way. We’ve put together some information below that you might find useful regarding paying for a care home.

Funding Care Home Fees

Paying for residential care in a specialist care home can often become expensive. There are several different care home funding options available that can help you meet the cost, but at times the system can be complicated to navigate. You may find that you are eligible for financial help from either the NHS or local council depending on your or your loved one’s exact needs or requirements.

How much will I have to pay for elderly care?

If the assessments conclude that you are eligible for funding for elderly care, then the local council will calculate the overall cost of care using the means test. This part of the assessment will tell you how much you have to contribute from your financial resources to the cost of the care. The overall cost figure calculated by the local council is called the personal budget and it must be high enough to meet the cost of at least one suitable care home in the area. Although this can seem extremely worrying, you will be left with a Personal Expenses Allowance (PEA). This must be at least £24.90 per week and the council has the discretion to increase this amount depending on personal circumstances.

Frequently Asked Questions

Here at Jackman’s Lodge, our compassionate team knows that paying for residential care can be expensive. There is some assistance available to help you with care home funding. We’ve put together some frequently asked questions to help you understand funding for elderly care and the help that you or your loved one could receive.

Will I get to choose the care home for myself or my loved one?

Yes. If you are paying for a care home for yourself or a loved one, you can choose the best home for the individual. If you’d like to book a visit to Jackman’s Lodge, please get in touch.

Do residential care home fees vary based on where I live?

Care home fees can vary based on the area that you live in, the care home itself and your own financial circumstances. Funding for elderly care may be available from your local council but the cost of residential care can be heightened in certain areas of the UK.

What if my chosen care home is more expensive than the funding I can receive?

In this scenario, somebody must fund the difference. This is usually called a ‘top-up fee’ and is often paid for by a third party. The council will not ask for a top-up when you are in a more expensive care home because it is necessary to meet your needs.

Get in touch

If you have any questions regarding paying for a care home or funding for elderly care, please get in touch on 01483 761779 and we will be more than happy to assist.