YOUR FUNDING STATUS
In developing a funding strategy for long term
care, the starting point is to determine the level of financial
support which may be available from the Government. Many people
wrongly assume that they will have no entitlement because they own
assets but this may not be the case.
The CareAware Funding Flow Chart is designed to
determine your basic funding status and this will allow you to then
establish
your entitlements under the system.
The flow chart is structured to the funding of
personal care in England and will lead on to financial support of
nursing care. Because the systems are different around the United
Kingdom, please check the details for Scotland, Wales and Northern
Ireland before proceeding.
The flow chart will also need to determine if any
gifts of property or money have been made which may fall within
the remit of asset deprivation. If this may be the case, visit the
Gifting of Assets section before proceeding.
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