Advice on Financing Care for Vulnerable People
This is a special guest Post from The Wealth Care Partnership
Vulnerability in the Elderly
In times of such uncertainty, many of us are concerned about the well being of our elderly relatives and in some cases, are unable to visit them and help them as much as we would like. It is also important to look beyond the smiles on their face from when you do visit as they may not always be honest about how they are coping.
There are elderly people out there who, whether they are living alone or not, may be vulnerable and possibly have a need for some extra care.
It can be worrying to see someone struggling as they get older but if you notice signs of this, whether it’s a relative, a friend or a neighbour, then one of the best things you can do is talk to each other about your concerns.
Signs that suggest a loved one is not coping can be deeply unsettling and it isn’t always easy to have these types of discussions. Sometimes people find it difficult to have an open conversation because they don’t want to upset anybody or possibly acknowledge the fact that their loved ones are getting older.
Financing Care for Vulnerable People
If the vulnerable person struggling needs access to additional care, whether that means having a carer visit them at home or they are thinking about moving to a care home, they may need advice on how they are going to cover the costs associated with these services.
There is a lack of clear and concise information available to those dealing with financing care fees and for this reason, The Wealth Care Partnership have put together a guide to help everyone make the right decisions, at the right time, for the right reasons.
Most people don’t plan to pay for care fees. With the average cost of care increasing, it is shocking to know that thousands of very vulnerable people throughout the UK are watching their hard-earned savings reduce at a rapid rate in order to pay for their care.
If the above is relevant to you then please make sure you get the right advice and support. You can contact adult services within your local authority and Age UK can also help guide you in the right direction. There are also a range of resources and links on the Wessex Care website resources page.
For advice about later life financial concerns such as funding care fees, you can contact Society of Later Life Advisors (SOLLA)