North Yorkshire County Council Deferred Payment Agreement: A Guide to Understanding
When it comes to paying for care home fees, it can be a challenging situation for families. The North Yorkshire County Council Deferred Payment Agreement is a program that helps elderly individuals who have a care home to pay their fees. It allows them to defer their payments until their home is sold or other agreed-upon situations occur.
What is a Deferred Payment Agreement (DPA)?
A Deferred Payment Agreement (DPA) is an agreement between an individual and local authority that allows them to defer paying for their care in a care home. It is designed for those who have significant assets, such as a home, but no cash to pay for their care. In this case, the DPA allows them to use the value of their home to pay for their care home fees.
What is the North Yorkshire County Council Deferred Payment Agreement?
The North Yorkshire County Council Deferred Payment Agreement is a program that provides eligible residents of North Yorkshire with the option to defer their care home fees. It is available to those who have eligible assets, including a property in North Yorkshire, and who are assessed as needing long-term care in a care home.
How does it work?
The DPA allows you to defer your care home fees until your home is sold or other agreed-upon situations occur. The council will pay your care home fees, and you will repay the council when your home is sold, or other events occur. Interest will be charged on the amount deferred, but this is much lower than most commercial rates.
Who is eligible for the North Yorkshire County Council Deferred Payment Agreement?
To be eligible for the North Yorkshire County Council Deferred Payment Agreement, you must meet the following criteria:
– You need long-term care in a care home
– You own a property or other eligible assets
– You have less than £23,250 in savings and other assets (this limit may change)
How to apply for the North Yorkshire County Council Deferred Payment Agreement
To apply for the North Yorkshire County Council Deferred Payment Agreement, you can contact North Yorkshire County Council’s Adult Social Care team. They will conduct an assessment of your needs and eligibility for the program. Once you are accepted, the council will work with you to set up the program and help you through the process.
Conclusion
The North Yorkshire County Council Deferred Payment Agreement is a program that provides eligible residents with the ability to defer their care home fees. It is designed for those who have assets, such as a property, but no cash to pay for their care. It allows them to use the value of their home to pay for their care home fees. If you or a loved one is in need of long-term care in a care home and meets the eligibility criteria, this program may be an option worth exploring.
