Cost and Funding
When deciding which care option is right for you, or your family, it is important to remember what you are paying for when looking at comparative costs. Live-in care offers excellent value for money when you consider you are paying for a carer that is dedicated to your needs as opposed to receiving care services in a multi-occupancy nursing-home. It can also be more cost effective when compared to domiciliary care which is charged by the hour, especially if you require several visits a day, and doesn’t offer the flexibility or continuity of care a live-in solution does. However Live-in care is especially cost effective when a couple requires care because you’re not paying for two nursing-home beds. Caring for couples can also mean that the burden of care is lifted from the more able partner and they can remain together in their home.
When you add up all the benefits of live-in care compared to the alternatives it is the most cost efficient way to access a bespoke care solution that is 100% focused on your needs allowing you to continue to live at home safely with your pets, partner and continue your social activities and daily routines.
Compared to care-homes whose prices range from £750 – £1500 per week, Mumby’s live-in fees start at just £998 per week at a companionship care level. Depending on your needs Mumby’s offer another three levels of care up to high-dependency so that clients with even the most complex of care needs can enjoy the benefits of live-in care.
Four hours of domiciliary care a day based on £24.50 per hour would cost £686 per week, compared to live-in care for £998 per week.
All Mumby’s clients are given an assessment, free of charge, to establish their needs and the costs of their required level of care. If you wish to talk to us regarding care for yourself or a loved one, please do not hesitate to call us on 0800 505 3511 or 07775 581332 or email email@example.com
Funding for care
Paying for care in later life is a concern for lots of families, knowing what the government will contribute and finding the most efficient way to fund care can be confusing.
There are four main ways people pay for their care; cash, investments, a care annuity or a release in equity as currently care funding is means tested in the UK at a level of £23,250. In theory if you have assets over £23,250 you will need to meet you own care costs. If you are especially unwell the NHS may meet a sizable percentage of your care costs, known as continuing healthcare, but this is not common practice.
There are state benefits available that are non-means tested and tax-free. If you are under 65 and looking for help to fund live-in care you may be eligible for The Disability Living Allowance, which is being replaced by The Personal Independence Payment of £21.80 and £139.75 per week depending on your level of need.
If you are aged over 65 you may be eligible for Attendance Allowance, at a lower or higher rate, presently £55.10 per week or £82.30 per week, dependent on whether you need 24 hour help.
For more information, help and guidance download the care funding guidance from the Live-in Care hub. http://www.liveincarehub.co.uk/wp-content/uploads/2017/03/Paying-for-live-in-care-guide-Feb-17.pdf
If you wish to talk to us regarding care for yourself or a loved one, please do not hesitate to call us on 0800 505 3511 or 07775 581332 or email firstname.lastname@example.org
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Our Family looking after your family
Trevor Mumby, Director M.Sc. B.A.S.W
As a member of the Royal Society of Medicine, Trevor has been engaged in the study and alleviation of all forms of emotional disorder for the past 55 years.
His latest book, “Conducting wellbeing with dementia in the family” has received praise from distinguished professors in the UK, Australia and Malaysia.
He is currently providing consulting services to family members who are struggling to manage their daily difficulties and offering 1-2-1 coaching sessions to all Mumby’s staff.