Long Term Care Home Fees
As life expectancy has increased in recent years so has the number of people requiring long term care.
If you need long term care you may be concerned about how this will be paid for. Whether the care is to be provided in your own home or in a residential home the majority of people do not have sufficient income to meet the cost.
The local authority will in some cases meet the cost of care but this may depend on your financial circumstances. Your home will not necessarily be used to pay for your care. The rules are complex and there are regulations in place to prevent individuals giving away assets to avoid paying for care.
What is right for you will depend on your individual circumstances, but planning ahead is essential.