insideKENT Magazine Issue 77 - August 2018 | Page 169
SHOULD YOU BE CONCERNED ABOUT
LONG-TERM CARE?
Q&A DAVID SUMMERS ,
CHARTERED FINANCIAL PLANNER OF SEVENTYSEVEN WEALTH MANAGEMENT
Why is it important that a
medical assessment is carried
out when my loved one leaves
hospital and can’t return to our
family home?
The medical assessment
determines how much, if
anything, the NHS will contribute
towards the cost of the care. In
some cases the NHS will take on
the whole of the cost of the care.
This is known as ‘continuing care’
and is a tax free, non-means-
tested benefit.
In other cases, the NHS will pay
a weekly sum towards the
nursing home costs. This is
known as ‘funded nursing care’
and is a tax free, non-means-
tested benefit.
If the NHS will not agree to
continuing care or funded
nursing care, the person in care
will be responsible for the costs
of care. If they approach Social
Services for help with funding the
care, a means test of their assets
and income will be undertaken.
If they have assets above the
means test limit, they will not be
helped with the cost of Care until
their assets fall to this limit.
Are my assets taken into
account when my spouse’s
capacity to pay for care is
assessed?
No, only the assets of the person
going into care are included in
the means test assessment.
Will I be required to make a third
party contribution towards the
cost of my spouse’s care?
There is no legal requirement for
you to contribute towards the cost
of your spouse’s care, but you
may be asked to do so by your local authority if there is a shortfall
between their income and the cost of the care. If you or your family
agree to make such third party payments, you may be
asked to sign a legally binding contract to pay for the rest of your
spouse’s life in care.
Will the value of my house be included in the means test
assessment for care?
This depends upon how you receive the care. If you move into a care
home – if you live alone, i.e. you are single, divorced or widowed, the
house value will be taken into account in the means test assessment.
If you live with your spouse (or in some cases with a dependent relative),
the value of the house will be completely excluded from the means test
assessment. If your circumstances change the situation could be
reassessed.
If you receive your Care in your own home – i.e. carers come in each
day to help you, the value of the house will be excluded from the means
test assessment.
The subject of long-term care will be addressed at our forthcoming
introductory events. Please see our website for more details, or
alternatively contact Clare de Jersey-Lowney on 01892 770077, or via
email at [email protected].
www.77wm.co.uk
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