advice about paying for care home fees at The Cedars

Paying for care

Advice about paying for care home fees

It’s important to get professional advice on the best way to fund the cost of care and we suggest that you take advice from a care fees expert to make sure that you have explored all the options available to you. 

In order to make life easier we have contacted a national care fees planning specialist, Symponia who are dedicated to the financial issues of later life, in particular the payment of care fees.

Through Symponia’s network of carefully selected and qualified financial advisers they offer you and/or your family member empathic, bespoke advice on the best way to fund weekly care fees. This approach ensures that not only are all our residents and their families aware of the legislation and how it works but they are able to explore all the financial options available to them.

It should be noted that brighterkind and Symponia operate completely independently with no commission or financial benefit to brighterkind as a result of your conversation or contract.

Peace of mind

Seeking advice from a care home fees planning expert could provide the reassurance that you have explored all the options available, confident that you have:

  • Investigated the best and most comprehensive way to fund the care fee

  • Investigated and understood the array of mainstream and dedicated financial products

    • Some of which aren’t available unless you seek specialist advice

    • Understood the legislation and how it applies to the person needing care

    • Claimed the appropriate State Benefits and/or NHS funding

    • Been able to fund the care wanted, not the care perceived to be affordable

      • The right advice and application of previously unknown solutions makes what may have been thought unaffordable a realistic choice

    • All funds have been utilised to the full and wherever possible shouldn’t run out

The Symponia handbook, which can be downloaded here gives a useful overview of the service that Symponia offer and includes case studies and practical hints and tips.

Advice on paying for care

Your Next Steps

If you don’t already have a financial adviser experienced in these later life fee planning issues on how to fund the cost of care, you might be interested in meeting up with your local Symponia member.

The advice you get will also take into account whether you need dementia care, palliative or residential care, all of which are available at The Cedars Care Home in Bourne. We suggest that initially you discuss the care home fees with our Home Manager who can then help you to set up a meeting or discussion with the local Symponia member in Bourne at your earliest convenience. All first meetings are offered without cost or obligation.

You can contact the Care Home on: 01778 752 186​

During the process they will guide you through legislation, take you through how this will affect you and your family and present you with a comprehensive report detailing all of your options.

Even if your final choice is to do nothing, at least you will have explored all the possibilities, and will have made a truly informed decision, whilst weighing up all the facts. We would much rather you explore all your options and dismiss them as unsuitable, than never know they existed in the first place.

The Symponia member available to provide advice to families and residents at The Cedars Care Home in Bourne:

The Symponia member allocated to The Cedars is John Reid.

"I have considerable experience in inheritance tax planning, advising on trusts and in investment matters. As well as advising clients, I have other responsibilities such as creating the investment portfolios as a member of my company’s investment committee.

Having dealt with the issues in Long Term Care during my mother’s Alzheimer’s disease, I am aware that you are looking for advice at a very sensitive and difficult time. My aim is to provide clients with the appropriate advice and service in a compassionate and constructive manner to enable you to make the right choices for you and your loved ones.

The current care regime can look incredibly complicated when you first look at it. I consider it my job to guide you safely through the maze, specifically ensuring that:-

a) The person needing care gets the best available treatment.

b) The correct level of State benefits are being claimed.

c) As far as possible your assets are preserved for you and your family.

d)You receive an ongoing service."

All financial advisers within Symponia are not only authorised and regulated by the Financial Conduct Authority and they also hold the recognised long term care qualification of CF8 or CeLTCI.

Each Symponia member can meet with you or your relative at the care home if you prefer. Pop in to see our Care Home Manager and find out more. 

next step

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