Care Funding
Discover care funding eligibility and the financial assessment process for your loved ones’ well-being at our elderly care home in Leicester at Manor Orchard View.
Would my relative qualify for care funding?
If your loved one is assessed as needing care and wants to apply for financial help, the local authority in Leicester will carry out a financial assessment (also known as a ‘means test’) of your loved one’s income, savings, and assets to decide how much help they can give.
It is worth bearing in mind, however, that all local health and social care authorities only have a responsibility to:
- Arrange residential care for everyone who is assessed as needing it and if they are unable to make their own arrangements
- Contribute to the cost of care for people who fit their eligibility criteria (in the form of the needs assessment) and cannot afford to fund their own care
Preparing for a financial assessment
The financial assessment conducted by the local authority will look at your loved one’s capital (savings and assets) and income to determine how much the local authority needs to contribute to the cost of their care.
There are some specific rules that apply to fund for care homes. These are quite complex, but at a high level, they cover:
- Capital limits for care homes
- Calculating your relative’s capital and income
- If your relative owns their home
- How much local authorities will pay for care
We have created a comprehensive yet easy-to-follow document that goes into more detail about the financial assessment, what’s included, how much local authorities will pay for care, and how to appeal any decisions you feel are incorrect.
You don’t have to do a financial assessment
There is no obligation to do a financial assessment – for example, your relative may already know they won’t qualify because they have a considerable amount of money in savings, stocks or shares, so their assets are more than likely to be considerably over the threshold.
However, if they are unsure whether they will qualify or not, it is a good idea to do the financial assessment because it can give your relative a better idea of when they may become eligible in the future.
