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Health and Social Care Costs.

Get help with health costs

Although treatment on the NHS is free at the point of delivery, there may still be some costs (for example, your journey to hospital). However, much or all of the cost can be reclaimed, which should ease any added stress. The NHS website explains how to claim money to which you are entitled.

Money advice for carers

Find out about support for carers and how to manage the money of someone you're caring for.

Money advice if you are ill or disabled

The Money Advice Service offers advice about disability benefits (including Attendance Allowance, Disability Allowance/Personal Independence Payment), disability grants, aids and equipment.

Paying for care

Learn about different ways to fund your care (including NHS funding, Local Authority funding and self-funding options), managing direct payments, and other ways to pay for your care.

Benefits when you have care needs

Paying for long term care is a fact of life for many people, whether you choose to stay in your own home or not. Fortunately, you can claim benefits to help you manage.

Financial Advisers

The Money Advice Service advises that although you’re not obliged to get professional advice when choosing how to finance your long term care, in most cases it’s crucial to do so.

A Financial Adviser will be able to discuss the best ways to protect your assets, look at how to ensure that your money lasts for as long as is needed and let you know about products specifically designed to help with paying care costs.

There are different types of Financial Advisers. Independent Financial Advisers can offer advice on a wider range of products than Restricted Financial Advisers. Some Independent Financial Advisers specialise in care funding advice and have particular care related qualifications. The costs of seeing a Financial Adviser can vary widely so it’s important to ask up front how much their advice is going to cost, and whether it’s a fixed fee, or based on the time they spend working for you. Financial Advisers should be regulated by the Financial Conduct Authority.

For free and impartial money advice and to find out more about Financial Advisers (including how to find a choice of advisers with the appropriate qualifications and accreditation), contact the Money Advice Service , by telephone, on the web or face to face.

You can also get free and impartial information on money matters (including about how to plan how you will fund your care in later life) from a range of local and national organisations. This should not be instead of talking to a Financial Adviser, but can be very useful in addition to it.

The Council can give you general information about financial matters such as understanding care charges (what you may have to pay and how it relates to your individual circumstances) and how they carry out a financial assessment (to check how much you can afford to contribute towards your care and support).

If you are entering into a legal agreement with the Council or someone else (such as for a deferred payment agreement) you should also consider taking legal advice (for example from your solicitor or from Sheffield Law Society, tel: 0114 2723655).

Planning for your future care

Most people can’t afford to pay the high cost of long-term care out of their day-to-day income. As there are many options for funding long-term care and they can often be complicated to understand, it’s important to plan ahead.  People often have to make quick and difficult decisions about their own or a loved one’s care needs – knowing what your options are in advance helps with this. Making the most of your money by managing your finances will also help.

Who will pay for my care?

The general rule if you are eligible for Council support is that you either pay for the total cost of your care and support or you contribute what your financial assessment shows you can afford and the Council will pay the rest. If you have a disability or complex medical problem, you might qualify for free NHS continuing healthcare (CHC), although most people with long-term care needs don’t qualify because the assessment is quite strict. 

Even if you qualify for Council or NHS funding, you may want to enhance your care by paying more. For example, the Council set a price each year that they feel is reasonable to pay for care in a home. If you want to choose a care home that costs more than this, then you will have to pay any additional cost.

What sort of options are there?

The Money Advice Service advises that options to fund your long term care may include:

  • An immediate need care fee payment plan – an annuity contract (a type of insurance policy that provides a regular income in exchange for an upfront lump sum investment)
  • Downsizing your home to fund your long-term care
  • A deferred payments agreement - these allow people who own their own home to use the value of their property to ‘defer’ or delay paying the full cost of residential care until a later date
  • Equity Release - a way of benefiting from the value of your home and accessing some of the money tied up in it, without having to move out.

Who can give you information and advice?

You can find more information (and contact details) about the following different types of financial information and advice under managing your finances.

Choosing how to pay for your long-term care is a big decision. The Money Advice Service advises that although you’re not obliged to get professional advice when choosing how to finance your long term care, in most cases it’s crucial to do so. You should speak to a professional Regulated Financial Adviser to discuss which option is best for you.

See related section above on Financial Advisers for more information.
You can get free and impartial money matters advice (including helping you plan how you will fund your care in later life) from a range of local and national organisations. This should not be instead of talking to a Financial Advisor, but can be very useful in addition to it.

You can also visit the Paying for Care website for information to help you make informed choices about arranging and funding long term care, or look at the Council’s Care and Support managing your finances webpage.

Debt and Money

The Money Advice Service provides free, impartial and independent financial information and advice. They can help with topics such as:

  • budgeting and saving (including doing a quick Financial Healthcheck)
  • credit and borrowing
  • mortgages
  • insurance
  • pensions and retirement planning
  • benefit reviews to see what you are entitled to
  • care and disability (including choosing the right care services, support for carers, paying for the cost of care, and getting independent financial advice)

Visit the Money Advice Service or call them on 0300 500 500 to talk to an adviser over the telephone.
Contact your local Money Advice Service.

Contact the Pensions Advisory Service for pensions advice. Visit their website Pensions Advisory Service or call them on 0300 123 1047.

Visit the Paying for Care website for information to help you make informed choices about arranging and funding long-term care.

Independent Age provides information and advice for older people, their families and carers, on issues which include benefits and entitlements and paying for care. You can call them on 0845 262 1863.

Sheffield Council Housing tenants can get help with money and debt problems from the Money Advice Team. Call them on 0114 293 0000

Money information and advice for older people

Independent Age provides information and advice for older people. their families and their carers, on issues which include benefits and entitlements and paying for care. You can call them on 0845 262 1863.

Contact the Pensions Advisory Service for pensions advice. Visit their website Pensions Advisory Service or call them on 0300 123 1047.
Visit the Paying for Care website for information to help you make informed choices about arranging and funding long-term care.

Mental health and money issues

Rethink Mental Illness provides support and information for people living with mental health conditions. Visit their website www.rethink.org (which has a section on mental health and money issues) or call them on 0300 5000 927.

Money issues for people with a learning disability

Mencap is a national charity for people with a learning disability. Visit their website www.mecap.org.uk (which includes information about money issues for people with a learning disability and their families) or call them on 0808 808 1111.

Dosh is an organisation which provides easy read factsheets on managing your money if you have a learning disability.

Bild is a registered charity which provides easy read information about money and a series of easy to follow videos about money and banks

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