Is there an alternative to going into a care home?
An alternative option to consider is receiving care in the home from a home care services. This means that you stay in your own house and you can have younger and older people come and look after you there (depending on your age of course).
This is increasingly becoming a popular option as this is much cheaper than going in to care home and allows you to remain in an environment where you are comfortable and familiar.
You can read more about live in care here. In our view, this type of care will take over from residential care, just as it brings a better experience for the person needing care.
If you do decide that care at home is a better option than there are a number of things that you can do to make your life much more comfortable. For example, the first thing that older people often do is get themselves a more comfortable chair.
Do I have other care funding options available if I receive care at home instead of going to a care home?
Yes. If you are considering receiving domiciliary care, then one further funding option to consider would be releasing equity
The reason why these schemes are popular, and in particular ‘Lifetime Mortgages‘, Drawdown Lifetime Mortgages and Home Reversion Plans, is because they:
a) allow you to stay at home
b) allow you to access cash tax-free from your home
c) allow you to use the money to modify your home to allow you to continue to live comfortably at home
Is there an alternative to going into a care home?
An alternative option to consider is receiving care in the home from home care services. This means that you stay in your own house and you can have people come and look after you there.
This is increasingly becoming a popular option with older people. Home care is much cheaper than moving into residential care, and it allows you to remain in an environment where you are comfortable and familiar.
You can read more about live-in care here. In our view, this type of care will take over from residential care, just as it brings a better experience for the person needing care.
If you do decide that care at home is a better option, then there are a number of things that you can do to improve your quality of life. For example, the first thing that older people often do is get themselves a more comfortable chair.
Do I have other care funding options available if I receive care at home instead of going to a care home?
Yes. If you are considering receiving domiciliary care, then one further funding option to consider would be releasing equity.
The reason why these schemes are popular, and in particular Lifetime Mortgages, Drawdown Lifetime Mortgages and Home Reversion Plans, is because they:
- a) allow you to stay at home
- b) allow you to unlock tax-free cash lump sum from your home
- c) allow you to use the money to make home adaptations and live more comfortably