4 in 5 households ‘eligible for extra care funding than they realise’

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Many households could possibly be unaware of the care funding
choices they’re already eligible for, analysis suggests.

Analysis by live-in care firm Elder discovered that as much as
83% of households are capable of pay for care with some type of funding they hadn’t
essentially anticipated they had been entitled to.

The findings, based mostly on 2,268 households who used Elder’s
care funding calculator software, discovered just below half (46%) of households are
doubtlessly entitled to direct funds from their native council, though this
various throughout the nation.

Eligibility for direct funds, the place households take management of native authority entitlements, was highest within the North East, the place financial savings are decrease. The second was Scotland, though the calculator makes use of an algorithm based mostly on English thresholds.

Due to excessive property values, London and the South East each vied for one of the best locations to fund care by unlocking the worth of the house. The capital got here out high with just below 70% of individuals prone to be eligible.

Fairness launch appeared to be an acceptable choice for 65% of respondents, nonetheless for NHS persevering with healthcare, the one public funding stream that covers care prices in full, simply 6% had been deemed prone to go the assessments.

The software assumes households are searching for live-in care – a substitute for the care residence the place a devoted carer strikes right into a spare room. 

This implies the calculations exclude the worth of the house within the hypothetical means check, as per guidelines round care within the residence. Excluding the property worth from the analysis of belongings implies that eligibility for council funding could possibly be a lot larger than many realise, Elder mentioned.

Pete Dowds, chief government of Elder, mentioned it can be crucial that households get a transparent understanding of the funding alternatives they’re already eligible for.

“Essential to that’s the distinction between the means check for residence care versus conventional care residence assessments,” he added. “Many don’t perceive that, with residence care, the worth of your house is excluded from the means check. This implies you’re extra prone to get funding out of your native authority and also you’ll have the ability to use among the worth of the house to high up, as required. This provides households a sustainable strategy to get the care they need, which for 97% of individuals is in their very own houses.”

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