Paying for Care
The costs and finances of home care
On this page, we highlight that funding care at home is comparable to paying a residential care home. Beyond that, we outline the benefits available to people paying for care due to disability or old age.
How does care at home compare to care homes?
According to which.co.uk, the average annual cost for a person to live in a residential care home is £31,044. Comparatively, the average cost of care at home is approximately £18,000. There are significant variations to these costs depending on your chosen level of care; however, these statistics show that care at home is affordable and attainable for many families.
Funding private care at home
You may be entitled to social care funding support, subject to your financial circumstances. For more details contact your local social services. If you have already been assessed by your local council as needing social services support, you are likely to be allocated a Personal Budget. This can be paid in the form of Direct Payments, Individual Service Funds (ISFs), or Individual Budgets. Often, the Local Authority only funds basic essentials. You may wish to top up your care plan and personally fund extra services.
There are also other benefits that are not means-tested. You may be eligible for the following payments.
If you have a disability, or a long term health condition or illness, then you may be entitled to receive a Personal Independence Payment (PIP). The PIP replaces the previous Disability Living Allowance (DLA). A Personal Independence Payment contributes to funding costs associated with long-term ill-health or a disability if you’re aged 16 to 64.
You may be eligible to receive Attendance Allowance (AA) if you’re physically or mentally disabled and aged over 65. This allowance offers help with personal care needs.
You may be entitled to receive Carer’s Allowance; available to anyone caring for someone with substantial care needs. You must spend a minimum of 35 hours a week caring for them; however, you do not have to be related or live with them to qualify. You may also receive Carer’s Credit which keeps your NI up to date.
Payingforcare.co.uk is an impartial and consumer-friendly website providing information on all aspects of care funding, including local authority assessments, care entitlements, costs of care and arranging care for someone else. Visitors have instant access to professional, specialist care fees advice through their live chat service.
A Personal Budget is granted to those who have been assessed by the local council as having social care needs, depending on their financial circumstances. Personal budgets have been available in England since 2008. Depending on your circumstances, or choice, you may receive your Personal Budget either as Direct Payments or as an Individual Service Fund (ISF).
An individual budget is similar to a personal budget, except it is made up of other sources like the Independent Living Fund (ILF). Individual budgets may be granted to people with severe disabilities who are living at home in their community, rather than in residential care.
Direct Payments are a Government initiative allowing individuals who require social services to purchase their own care. The option to take your Personal Budget as Direct Payments allows you to control how you spend your money (it must be spent on your care and support needs). Aspire can develop a Personal Support Plan with you, ensuring that your needs and wishes are met. You can apply for Direct Payments from your council.
An individual service fund (ISF), is for people who can’t, or do not wish to manage a Personal Budget. You can choose a service provider such as Aspire to complete this responsibility. Your chosen service provider will then hold your personal budget on your behalf; however, you are still in control of how the money is spent.
Are you looking for care on behalf of a family member? Or do you need support yourself?
The Aspire team offer care services across Leicester and Leicestershire, helping people to safely live at home, stay independent and access their community.
Contact us today to learn more about the cost of home care or to start your journey with Aspire.