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Definition
of
Financial assessment
from
Adult social care charging reform: minimum viable product (MVP) software requirements specification
A financial assessment is carried out by local authorities to determine how much they should charge a person drawing on care to meet their eligible needs.
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Definition
of
Financial assessment
from
NE Lincolnshire Council: Social Care Handbook
You will be asked to give details of your financial circumstances to an officer for adult social care. These details will be used to work out your disposable income and the amount of money that you will have to pay.
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Plain English definition
of
Financial assessment
from
Think Local Act Personal (TLAP) Jargon Buster
A discussion that your council may have with you to work out how much you can afford to pay towards the care and support you need. It involves looking at your income, savings and individual circumstances. This will take place after an assessment of your care and support needs.
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