Personal budget is the term used to describe the entire cost of the care and support services we arrange or provide to meet your eligible needs. Your needs are determined by a Care Act needs assessment.
A personal budget has three parts:
- the total cost of meeting your eligible needs
- the amount you must pay (as determined by a financial assessment)
- any remaining amount we must pay to make sure your needs are met
We will talk to you about the ways you can receive your personal budget. This could be through:
- a commissioned service
- a direct payment or
- an individual service fund
It is usually worked out on a weekly basis and is an important part of getting help from your local authority.
Eligibility and Assessment Criteria of the Adult Policy 2023 - personal budget