Who pays for care home fees when savings run out?
"A difficulty in planning finances for care home fees is that nobody knows how long they are Going to live, or if their needs will change. However carefully you budget, not all circumstances can be foreseen. So you need to know who will pay the care home fees when the savings run out.
Running out of money can be an anxious and stressful time for care home residents and their families. It can take some time to arrange the next step in paying for the care home. If you or a loved one will soon run out of money for care home or nursing home fees, you should start making arrangements several months before the money runs out. The local authority has a duty of care to those who are assessed as having eligible care needs. So the very first step is to arrange a care needs assessment.
This will give you and the local authority an up to date picture of your or your loved one’s care needs. You will also be able to find out what funding you are now eligible for."