Costs & Funding
Everything you need to know about our costs and how to fund care at home.
We provide a free assessment where we talk to you to find out what care you need and what care will make the most difference to your daily life. The cost of care in later life is a growing issue for those of us growing old gracefully within the UK. As we all continue to live longer, healthier, and more fulfilling lives, more of us can expect to need some form of care. Support at home – a setting that is familiar to us and in the community we know – is a strongly viable alternative to moving into a more residential setting.
As with any form of Care, naturally there are financial implications, however Home care generally costs less than residential or nursing care, but the costs can still be quite daunting when you are considering planning the financial aspects of later life.
Care within your own home can, for some people, be a more budget friendly realistic way to receive the care you desire in the setting you have chosen in life, surrounded by your home comforts and familiar memories/ possessions that you hold dearly.
While the State can assist with some of these care costs, eligibility for help is limited and many people find themselves over the threshold at which state support is provided.
As you may be aware, long term funding of care for the Elderly has recently become a hot topic within Politics and the Media, gaining the support of the public too, but sadly any significant changes will take years to implement.
In the meantime, an increasing number of elderly people are having to self-fund their care. It’s therefore really important to understand realistic costs to provide high quality care at home, in 2020 the average cost of a residential place in Berkshire could cost around 55K where as having care within your own home could be as little as just over half of that (ref:https://ukcareguide.co.uk/).
We also have a charity arm called the Q1 Foundation Hub within Goring to assist and help you understand what benefits, state support and other entitlements may be available to help fund care and you are very welcome to pop in and see one of our lovely team.
Our costs vary depending on the Care you require.
When one of the management team come to assess your or your family members needs for free, we can discuss all the aspects of care, companionship and assistance, and provide bespoke care to your specifications and requirements – we will always provide you with clear concise rates and costs per week with no hidden extras.
Our care calls start from £25.80 and live-in care starts from £1,265.00 per week.
Mileage for trips/shopping and any other reasons are charged at 0.50p per mile.
There are no lengthy tie ins
We require 2 weeks’ notice to terminate our services. Should you wish to cancel a visit we ask for 48 hours’ notice to accommodate this. We pride ourselves in being able to reinstate visits quickly should more care be needed.
Due to the exponential increase in PPE costs to the Care sector at the moment, with government backing and guidelines, we have added a 5% surcharge of invoice total for PPE – thus ensuring our PPE meets government standards for covid 19, protecting you the client and our lovely Carers – which is of utmost importance to us. We monitor this cost on a regular basis and as soon as we can, we will remove the surcharge.
To ensure our clients maintain independence and quality of life, we believe that hands-on care is only part of the equation.
We hourly calls as our minimum, to ensure that we are supporting you and your family in all areas of your life, emotionally and physically, providing you with peace of mind that your wellbeing is at our forefront of our care planning and delivery.
We want to take the time to care for your loved one in an holistic way.
We have a dedicated on-call phone number, and when requesting visits at certain times of day we always try to accommodate these preferences.
We can also provide extra services:
- Collecting Medication or prescriptions from the chemists or GP.
- Taking your loved one to appointments, be it Doctors, Dentist, Opticians even the hairdressers.
- Assisting with arranging specialist equipment – mobility aids, home adaptions (e.g. grab rails) via our charity arm Q1 Foundation.
- Also helping with compiling your shopping list, collecting it and putting it away within your home ensuring your health and wellbeing.
- Short term assistance after coming out of hospital.
Funding Your Care
We have a charity arm called the Q1 Foundation Hub, situated in the heart of Goring to assist and help you understand what benefits, state support and other entitlements may be available to help fund care and you are very welcome to pop in and see one of our lovely team but please do look below at some ways which you can help yourself to begin with.
1 - Contact Your Local Authorities
Local Authorities are obliged to carry out community care assessments, regardless of someone’s personal circumstances.
Ask for this – it can provide valuable information about your loved one’s options.
Please see website care needs assessments https://www.nhs.uk/conditions/social-care-and-support-guide/help-from-social-services-and-charities/getting-a-needs-assessment/ as this can help you obtain valuable information for both you as a carer needing support as well as your loved one who needs the support. An assessor will consider whether you qualify for help with both services and funding through care needs assessments.
Also, have a look at the local authority website, they have a social care financial calculator – use this to see what financial help you may be entitled to:
2 - Your Assets
Assets (including property if you are not living there) over a certain level will make someone ineligible for help.
Assets under that level will entitle them to partial funding and once assets have reached a bottom level cut-off point the local authority will meet all fees – but only up to the level of care your loved one is judged to need.
Be aware that assets are calculated for someone as an individual. If they live with a partner shared asset are halved for the calculations.
3 - NHS Continuing Healthcare
If your loved one’s medical condition is severe enough, they may be entitled to NHS Continuing Healthcare.
This will pay all the costs of necessary care for that condition, whether at home or in residential care, regardless of personal financial circumstances.
You can also obtain grants to assist with help other areas of your finances.
Local authority grants can help with necessary home improvements to make life easier.
The Government’s Social Fund can also help with one-off unexpected expenses. As numerous charities who help the elderly and disabled, it’s worth exploring these avenues as they may assist with keeping your loved one in their own home. Look into what benefits you may be able to claim/ask for help with.
Over £5 billion in benefits goes unclaimed by the elderly every year! So to be sure to discover what your loved one is entitled to, you should always explore all avenues and apply – every little helps :
- Pension Credit
- Attendance Allowance
- Housing Benefit
- Council Tax Benefit
Our Q1 Foundation Hub can assist with directing you towards the correct websites and assist with form filling if needed.
If you are not eligible for assistance
If you do have to fund your own care – there is several ways and the most popular are:
- Using your savings – see below about IFA’s
- Using your pension to pay for care
- Income from investments
Consider also –
Releasing the equity form you property tax free – however there is a lot of pro’s and con’s to this and you should again seek specialist IFA advice and not rely solely on the advice given by the scheme provider.
Moving to a smaller property to release some of your equity.
Deferred Payment Schemes
They are offered by local authorities. Only certain individuals are eligible.
A form of care insurance that you pay into, which pays for your care as and when you need it. Obviously you need to have taken this out before you need the care.
The costs of care can easily use up any savings that you built up in your lifetime and you should seek the assistance of an Independent Financial Advisor (IFA). Different advisers will specialise in different things – you need one who deals with long-term care planning. Look for the following qualifications: CII, CF8 and CeLTCI.
This is an area which is constantly changing, so it is important to ensure you engage the correct IFA for your circumstances.