Could You Afford To Pay £45,000 Or More A Year For Your Care?
That’s how much you, as a West Sussex resident, could expect to pay for your care in a residential or nursing care home. Choosing care for yourself, or supporting a family member to do so, is a life-changing and important decision to take. It’s vital that you seek trusted independent specialist financial advice. Don’t leave it to chance that your finances will meet the cost of your care.
Easing the worry of paying for care
The good news is that there is advice and support available to help you with these important financial decisions. Carewise offers advice and guidance so that you can choose the most cost-effective way of paying for your care. Carewise has an approved panel of care fees specialists who are all qualified independent financial advisers. They will inform you of the available options and discuss products and services from across the whole market. Your first consultation with a care fees specialist is free, and they will explain the cost of any further service.
Take control of your finances
It is now even simpler to arrange your FREE consultation with a care fees specialist with our new ‘request a call back’ service. Visit www.carewiseadvice.co.uk where you will find a list of all the care fees specialists, choose the adviser you would like to talk to, and request a call back from them. You will then be contacted within one working day.
Rose’s story by a Carewise care fees specialist
“I first met 83-year-old Rose in 2005. She was in good mental and physical health, but she had lost confidence about living on her own and wanted to move into a care home. Once her house was sold, Rose had around £218,000 in available capital. Together, we reviewed her income and expenditure, and worked out that she would have a shortfall of £16,410 per year in meeting the cost of her care home. I obtained quotes for an immediate care plan for Rose and recommended she purchase a plan where the payout would increase by five per cent per year. This would help to cover future increases in care fees at the home. The income payments were paid to the care home, tax-free. Rose paid £85,925 for the plan. By 2009, Rose’s care plan had paid for itself. In 2013, the plan had paid out £155,257, which is £69,332 more than she paid for it.”
(This is a real case with the name of the customer changed.)