Care Fees Advice and Investment Specialist

The initial dilemma

For most people the thought of moving from their own home into a care home is both a daunting and somewhat frightening prospect, especially with some of the tabloid press highlighting the not so well run establishments.

 

However, it need not be so.  Many of the better quality privately run homes are operated on family lines, but in a professional manner where the elderly are respected and their specialised needs are well catered for.

 

Current funding rules

Under present rules anyone with assets of over the means test limit has to pay for their own care. So, very often a property is sold to pay for the care fees. Depending on the part of the country where you live, the fees for a residential care home range from £320 to £650 per week. For nursing care the figure is £450 to £800.  The government’s  scheme for paying for nursing care is only assisting a limited number of elderly people.

 

Decreasing capital

For many elderly people it  doesn’t take long for their capital to shrink and some then become dependent on Local Authority financial assistance.  However, the Local Authority budget does not match the fees of many of the better care homes and uncertainty can result.  Many care providers are now requesting a third party top up to make up the difference between what the local authority is prepared to pay and the actual care fees.  This places families in a very difficult position. If the top up is not available then the elderly person is sometimes downgraded to less favourable accommodation or in extreme circumstances asked to move to a cheaper care home.

 

The solution

We offer a totally no obligation advice service which enables you to make an unhurried decision based on the individual’s requirements. Among the various alternatives is a care fees payment plan plan which being offered by more and more of the major providers. These plans guarantee to pay the fees for as long as necessary in exchange for a lump sum.  This means that there is a finite cost for the care and the remaining capital can be invested for growth.  For a quick assessment of the various alternatives in your particular case, simply complete the care fees questionnaire.

 

Paying for care in a care home

Capital Care Financial Services Ltd is authorised and regulated by  the Financial Services Authority.

Capital Care Financial Services Ltd is entered on the FSA register (http://www.fsa.gov.uk) under reference 435067.