Paying for care is a big financial commitment and everyone’s situation is different so we have put together an outline of the key aspects, including an explanation of what makes Brendoncare unique – our charitable Care for Life promise.
Most of residents fund their own care, referred to as ‘self-funding’, and funds will come from a mixture of public and private sources such as state/ private pensions, state benefits such as Attendance Allowance or Funded Nursing Care, savings, investments or care plans such as care needs annuities.
Other helpful information sources on paying for care and benefits include:
Free Information Services:
The Brendoncare Care for Life promise ensures that once residents are accepted in one of our homes they will not have to leave due to lack of funds. Care for Life is a charitable third party top-up* payment that can support those residents who may have been with us for a while and whose own funds have depleted to the threshold set by the Local Authority’s Social Services. At that point social
services will start to contribute to the cost of care. We fund about 20% of residents in this way so, in order to help with our own financial planning, we ask residents to complete a financial assessment before moving in to one of our homes. For residents and family members the Care for Life promise often provides enormous relief and reassurance.
*Top-up payments are the difference that needs to be ‘topped-up’ between what the public sector will pay and a care home’s full fees. Third party top-up payments are payments made by a third party, such as a family member or a charity, such as Brendoncare, through our Care for Life promise. Social Services will assess and still require residents to make an affordable contribution.
For a small number of residents who have been assessed as having a high ‘primary health need’ the NHS Care Commissioning Group (CCG) will fund a package of care. This is based on the level of health and associated social care needs that have arisen as a result of disability, accident or illness and is called Continuing Healthcare funding (CHC). The CHC funding rate is negotiated
between the NHS and the care home.
For residents that need nursing care from a registered nurse, but who are not eligible for full CHC funding, then Brendoncare will be able to apply for NHSfunded nursing care (FNC) on their behalf. If successful this is then paid to Brendoncare and deducted from care fees. The NHS will assess eligibility for both CHC and FNC funding on a regular basis and it can be withdrawn, so a financial assessment is still needed to understand an individual’s situation.
Here is an illustration that shows the different funding sources for care fees depending on whether a resident is self-funding, or
funded by CHC or the Local Authority’s Social Services.
Funding care fees can be a complex and we would always recommend that you consult a suitably qualified Independent Financial Adviser (IFA), particularly if you wish to explore different funding options. SOLLA registered IFAs are specialists in this area and can be contacted via Society of Later Life Advisers website or 0333 2020 454.