Calculate your care home fees & home care costs

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When it comes to paying for care home fees, or home care costs, understanding the options can be a minefield. Therefore, we have developed a care costs calculator to help you work out the costs for residential care and/or costs for home care.

Areas where people can have the most difficulty is understanding whether care home fees or home care costs are met by the NHS, Local Authority or themselves.

In this section, we have tried to simplify the issues you need to think about. However, the one thing we strongly recommend is that you speak to a specialist advisor that can help you navigate through this complexity in what can be an emotional and stressful time. Here is a directory of specialist advisors that can help you work out how to pay your care costs.

DO YOU QUALIFY FOR NHS CONTINUING HEALTHCARE SUPPORT?

If you have been assessed as have a Continuing Health Care Need, then the costs of care home fees and home care will be met by the NHS. If not, you have may have to pay for your own care home fees or home care costs, depending on the level of income and savings that you have.

Please check our frequently asked questions and answers on whether you have to pay for your residential care.

HAVE YOU BEEN TOLD YOU NEED TO PAY YOUR OWN CARE HOME FEES?

If you have been told that you need to pay for your own care home fees then the most important thing you need to think about is how you are going to fund these care costs, as they could range from tens of thousands to potentially hundred’s of thousands of pounds.

DO YOU KNOW WHAT STATE BENEFITS YOU ARE ENTITLED TO?

It is important that you understand what benefits you may also be entitled to, as when the Local Authority assess your level of savings they will assume that you are receiving the benefits that you are entitled to. You can do this by visiting our page Benefits you are entitled to if you have care needs.

RESIDENTIAL CARE CALCULATOR

Please select your current area (by county)

What year will you go into residential care?

How many years will you be in the care home?

Total Cost: £

HOME CARE CALCULATOR

Please select your current area (by county)

What year will you start needing home care?

How many hours a week of care do you need?

How many years will you need home care for?

Total Cost: £

What you need to do once you know you have to meet your care home fees

If you are just starting this process and looking to understand how much your care home fees or home care costs are likely to be, there are 3 important actions that you need to take:

ACTION 1. WORK OUT YEARS OF CARE

The first step is to try and estimate how much you think you are going to need to meet your care home fees or home care costs, both in the short and long term. The amount you need for residential care and home care differ greatly. If you haven’t already done so, we would recommend that you use our calculators below to help you estimate our care home fees or home care costs. Please note that we are only providing an estimate and the actual cost will depend on the care provider you choose and your exact location.

ACTION 2. EXPLORE THE 6 MAIN WAYS

There are 6 main ways by which people typically use to meet their care home fees. This normally involves using any value that you may have in your property or using your savings or investments. Please click the link below on ‘different ways to pay your care costs’ to understand more about these options and which might be the right approach for you.

SPEAK TO A SPECIALIST

Getting things wrong at this stage could have a significant financial impact on you and your loved ones.

A specialist care financial advisor will be able to explain the financial advantages and risks of the different funding approaches, help manage any investments whilst you are in care and help you plan your inheritance and how this is efficiently paid over to your loved ones. We cannot state strongly enough how important it is that you take financial advice from a specialist in this area.

A specialist NHS Continued Healthcare advisor will be able to support you engaging with the NHS on whether they are responsible for meeting the care costs, as well as support you during any assessments. A specialist advisor can ensure that your interests are always being looked after.