Care Fees Planning

Receiving professional care in the family home could be more affordable than you might think.

care

Meeting the cost of care in later life is a growing issue for many of us. As life expectancy continues to grow, most of us can expect to need some sort of care at some point in our later years. Home care is a popular option as it enables a person to receive care in the comfort of their own home and keep their usual routines intact; it’s a much more preferable option for many people than moving into residential care. But what happens if you don’t have the funds available to afford the care that is required?

Explore your options

Meeting the costs of care may be more achievable than you may think. State support may be available and should always be fully explored first; but for those for whom state support may not provide the solution, there are other options available which should be explored.

These options might include receiving financial help from the family, utilising the equity in your home's value, or perhaps purchasing a care annuity.

The good news is that Yours Retirement Services have professional Care Specialists, trained to help you find the right funding options for you or your loved one's needs. Your Care Specialist will take the time to understand your current situation, and consider all your financial options.

 

 

Our service could help you:

  • Ensure that the required care fees can be funded over time
  • Reduce the impact that long-term care fees could have on your estate
  • Make the management of paying for care more straightforward
  • Check entitlement to state / local authority funding
  • Find a care provider which suits your needs

Take the next step…

  • Have you spoken to social services at your local authority and had a full assessment?
  • Is the person requiring care fully or partly covering the costs?
  • Does the person requiring care own their own home?

If you can answer ‘yes’ to all of the above then make sure you speak to our Care Specialists for further guidance.

Are you or a loved one already paying for care, or in need of care to begin soon?

Call our Care Specialists today on 0800 915 4713

We’re open Mon-Fri 9am-5.30pm