A personal health budget and integrated personal budget is an amount of money to support a person's identified health and wellbeing needs, planned and agreed between them and their local integrated care board. This may lead to integrated personal budgets for those with both health and social care needs. This isn't new money. It is a different way of managing health funding to meet the care needs of an individual.
A personal health budget can be managed in three ways, or a combination of these.
Notional budget
No money changes hands. You find out how much money is available for your assessed needs and together with your NHS team you decide on how to spend that money. They will then arrange the agreed care and support for you.
Third party budget
Provided by an organisation legally independent of both you and the NHS. For example, an independent user trust or a voluntary organisation. They hold the money for you, and also pay for and arrange the care and support agreed in your care plan.
Direct payment for healthcare
You get the money to arrange and pay the for the care and support you and your NHS team agrees you need. You must show what you have spent it on, but you, or your representative, buy and manage services yourself.