How do I manage my money if I have to go into hospital?
Being admitted to hospital can be very upsetting. Your money may be the last thing on your mind.However, if you don’t have a plan to deal with your money while you are in hospital, you could have debts to deal with when you leave.
If you get benefits, tell the Social Security Agency if you go into hospital. If you don’t tell them that you are in hospital, they will continue to pay you the same amount. This means you may not be getting the right amount and you may have to pay some money back.
Disability Living Allowance, Personal Independence Allowance and Attendance Allowance stop if you are in hospital for 28 days. They will stop from the next payday after 28 days in hospital.
If you are someone’s carer and you get Carer’s Allowance, this will be affected by their stay in hospital. Normally you would get CA as long as the DLA/PIP customer get the Care component.
You can continue to get Housing Benefit for up to 52 weeks.
You can make a plan - with a relative or friend- so they know what to do if you have to go into hospital. This could include; phone numbers for the Social Security Agency to inform them about the change, instructions how to access essentials in your house for your hospital stay, what ongoing commitments you have.
You should continue to pay your essential bills (such as mortgage or rent, rates, heating and insurance). You could do this by direct debit.
You could ask a relative or friend to manage and sort out your finances whilst you are in hospital. To do this, they may need Forms of Authority signed by you.
If you cannot make financial decisions for yourself, someone may need to manage your finances for you.