Why is it good to have a contingency? 5.6

Contingency

This is an optional amount that can be set aside in your home care budget to cater for difficult times.  Think of it as rainy-day money.   

This contingency money may end up not being spent.  It is important to factor this in when you move from one provider to another.  The unspent funds - less any exit fee - will move with you to the new provider. 

Jill Donaldsonagedcare101  Physiotherapist

If/ when you no longer have need for home care (eg entering residential care or dying) then your part of the unspent funds (less any exit fees) must be returned to you or your estate. 

 

 

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