Funding your care

We recognise that choosing care community living is a major financial commitment, and that information and guidelines around fees and other costs can sometimes be complex and confusing.

As we anticipate that the majority of our residents will meet self-funding criteria, a simple explanation of the what's involved is included below, including details of our weekly fees.

The Care Home Group may also provide care studio accommodation for people eligible for local authority and/or NHS nursing care funding support, provided they meet certain criteria. Whatever your situation we strongly advise that you take independent financial advice from qualified advisors, such as members of the Society of Later Life Advisors. Some useful external links are included on the right.

Self-funding your care

Under the current means-testing system in England, if you have capital (savings and assets) worth more than £23,250 - or a high enough weekly income - you will need to pay the full cost of your personal care, including accommodation costs. This is called self-funding, and will apply to the majority of our residents.

We feel its vital that everyone is clear of the financial implications of moving to a care studio from day one, and our advisors will work with all prospective residents to ensure that:

  • their savings and capital will cover the fees for a period of at least two years (we require written evidence of this);
  • if the sale of any property owned by the resident is required to cover the fees, we will ask for a personal guarantee from a third party to cover the shortfall in their capital until it is sold (alternatively we can offer competitive part-exchange terms on the property);
  • their eligibility for government benefits is assessed - some benefits, such as Attendance Allowance, are not means tested so it's good to check that they are not missing out on anything;
  • any migration to NHS Continuing Healthcare funding (should the resident become eligible) will mean that the NHS will fully cover their health care needs. However, the resident will still need to fund the cost of the enhanced facilities and accommodation provided that are not required to meet their health care needs.

Follow the links (right) to useful websites and search tools