NHS Continuing Healthcare is getting more attention.
Many elderly people seeking financial advice are worried about their futures, particularly around potential care fees which are a looming cost on the horizon for most people. This is made even more pressing as the UK has an ageing population. The cost of care can be staggering in the UK with the average care home costs amounting to around £44,000 or more per year. However, if someone has a primary health need they could qualify for fully funded care through NHS Continuing Healthcare. This is not based upon a financial means-test or a person’s savings. This is fully funded care in its totality for anyone who is deemed to have a primary health need.
However, NHS Continuing Healthcare is little known about – only 3% of people are ever told about NHS Continuing Healthcare by their GP. It is therefore vital for Financial Advisers and Accountants to be aware of this source of funding as it may be applicable to their clients, particularly if they are seeking advice around how to protect their savings when it comes to care.
How a specialist service can help other services.
Just Caring Legal is a solicitors’ firm specialising in NHS Continuing Healthcare. We advocate strongly on behalf of our clients so that they have access to NHS Continuing Healthcare, which can save them thousands of pounds in care costs each year. The system is often complex to navigate and legal representation can make the difference.
Other services may not have specialist knowledge of NHS Continuing Healthcare as it essentially is hidden funding. This means that we can work with Financial Advisers and Accountants to help bolster their services in this one specialist area. We can also help Financial Advisers and Accountants by providing strategic referrals as many of our clients are also interested in finding advice on inheritance tax liabilities and how to protect their savings as they reach the final years, or decades, of their life.
To find out more about NHS Continuing Healthcare and how we can work with you then call us today on 0191 556 1078 or email us at [email protected]