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Paying for a care home

Almost everyone who lives in a care home has to pay towards the cost of it.

 

Getting help from Nottinghamshire County Council

If you can not afford the full cost, we will do a financial assessment of how much you can afford to pay based on

  • your income and capital

  • any benefits you are entitled to claim.

We will then pay the rest, up to a standard limit for the type of care provided for you.

This is a complicated area and we have produced an easy to read guide that explains clearly:

  •  how we work out what you will have to pay

  •  how benefits can help you fund residential care

  •  guidance on managing your money.

Download a copy of Living in a care home - financial support from your council [PDF 636KB]

 

Paying the full cost of residential care

If you have to pay the full cost of living in a care home yourself you are known as self-funding.

If you are self-funding we recommend that you get specialist care fees advice from a qualified Independent Financial Adviser (IFA) as soon as the need for care arises. Specialist care fees advice can help you to understand your entitlement to benefits and make informed decisions on how to meet care costs over the long-term.

It is always worthwhile to seek advice about investing any large amounts of money that you have, for example from the sale of your property.

Before you accept advice from an IFA check that they:

  •  have experience of providing advice on long-term care funding
  •  hold the specialist CF8 qualification (this is required by the Financial Services Authority for any financial adviser giving financial advice about long-term care).

 

We have produced a short information leaflet that explains more about self-funding your stay in a care home.

 

Useful sources of information

Paying for long-term care in England is a useful guide to getting advice on paying for your own long-term care.

 

The Financial Services Authority produce information about funding long-term care and a register of qualified financial advisers.
Tel: 0300 500 5000
Web: www.moneymadeclear.fsa.gov.uk/products/long_term_care/long-term_care_getting_help.html54 54 54 51

 

Age UK provide useful information about choosing and paying for care homes.
Tel: 0800 169 6565
Web: www.ageuk.org.uk/home-and-care/care-homes/55 55 55 52