£1,000+ a week. That’s what a care home can cost. Some are less than that, but there are plenty that cost even more. Care is expensive, there’s no doubt it. But if your parent, relative or loved one needs care and a residential home is the best place to provide it, what can you do?
While the Local Authority can pay for care, it will ask for a contribution towards the costs if your loved one’s savings are over £23,250. Often, your loved one has to pay all the costs from their own money (called self-funding). You may even be asked to top up the fees for them.
What tips do you have for finding extra sources of money to pay for care? Have you put a financial plan in place, or found help from a charity? Share your ideas with others in the Community. We’d love to hear from you.