Long Term Care

It is a fact that one in four adults are likely to need long-term care at some stage in our lives.

Life expectancy has risen dramatically in the past 40 years, and with it there’s an increase in the likelihood that there even more of us will need some help with our care or may even become carers for our loved ones during our lifetime.

Long-term care (LTC) is a variety of services that help meet both the medical and non-medical needs of people with a chronic illness or disability who cannot care for themselves for long periods of time.

Long-term care planning is an area that needs to be dealt with in a considerate and sensitive manner, and one which many believe requires specialist financial advice.

Whether you are concerned about paying the cost of long-term care fees in the future or need to pay for fees now, at Deep Blue Financial we can offer you the peace of mind that comes from knowing that your affairs are being looked after by experienced, qualified and caring advisers.

Care costs are effectively divided into 3 elements:

  • Board and lodgings element
  • Local authority funding element
  • Voluntary top up element

Unfortunately, it isn’t always clear how much support and funding the local authority and NHS may offer you. The stark reality is that anyone with assets in excess of £23,500 has to self-fund care home fees until their assets drop below this amount.

For an initial complimentary consultation contact us today