In-home care costs
The United Kingdom Homecare Association (UKHCA) calculated a minimum price for homecare of £25.95 per hour. It covers the UK Living Wage for careworkers, and includes their travel time, mileage and wage-related costs. The rate also includes a minimum payment towards running a care business at a financially sustainable level.
Care home costs
Care home fees can be significant, though they will vary depending on where you live and what your needs are. In many homes you might pay more than £1,000 per week, although the average weekly cost for a residential care home is approximately £800. This average increases to almost £1100 where nursing care is required. Private payers may find that the average cost of a care home is higher.
If you will be meeting your care costs as a self-funder, then it is advisable to speak with a specialist Independent Financial Adviser. They can advise you on specialist care funding products that may help you to cover the cost of care.
If you would like some expert advice on finding a new care provider, resolving a dispute or exploring funding options then you might benefit from talking with our Care Concierge team.