It is natural that people looking into their future should be in denial of the real risks. Going into care will happen to some 20% of us. Premiums paid into an insurance policy might be wasted… The obvious answer is a state funded insurance based system, and without an opt out for the majority who have average incomes. Richer people might opt out, but there are great advantages to the system being comprehensive and universal. Size! Exactly what Scotland, N Ireland and Wales have rejected in voting for their much smaller mutuals.. When Health and Social Care are combined, it will be interesting to hear how politicians justify rationing social care, but not rationing health care overtly..
The BBC News website has a calculator for cost of your care by post code and it is interesting to compare the different regions. Whilst England uses a calculator depending on assets, the rates for Wales are clearly outlined on one page.
…From April 2016 the government is capping care costs after the age of 65 at £72,000 over the rest of a person’s life. However, there are three important caveats to this.
First, you have to get into the system. Only when an individual is deemed to be eligible for care does their spending count towards the cap. But access is rationed to people with high care needs.
There is a complex definition of what this means, but essentially it is when a person is really struggling with daily tasks such as washing, dressing and eating.
Most people in care homes will obviously qualify, but that is not the case for people who are just about getting by at home.
- The ageing challengeDementia: Is the care system failing people?
Your questions answeredCare expert sheds light on the complexities of system
- ‘It’s frightening’The difficulties of working out how to pay for care
- A guide to careWatch as the BBC’s Nick Triggle explains how the calculator works
- Planning for my careHelen Center has set-aside money to pay for her future care
- ‘I have no help’Peggy is nearly blind and has arthritis, yet gets no support
- Day in the lifeA look at what really goes on in residential care
- ‘Our money has gone’How dementia has cost a couple their £46,000 in savings
- Tough callsHow assessors decide who gets care from councils
- ‘We subsidise the system’My mother has paid £80,000 more for her care than a council would