Self funding live in care
The first form of funding option to consider is self-funding. It could come from savings or from liquidating assets. Self-funding won’t, of course, be possible or desirable for everybody. A lack of funds or savings may stand in the way for some.
If self-funding is possible, then it can, in some cases, take the burden off your loved one’s shoulders. It can mean that there is no need to rely on other sources, alleviating a lot of stress. It can also often mean the administration involved in setting up the live-in care is lessened. However, it also means that the cost of live-in care falls entirely on the individual receiving the care, and they may need to be confident that they can afford to continue it for potentially a long time.