June 2014

News Post

Most won’t reach the cap

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The planned cap on the cost of residential care will help only a small minority of elderly men and women according to a report recently issued by the Institute and Faculty of Actuaries.

The report suggests that just 8% of men and 15% of women entering care aged 85 are expected to reach the £72,000 cap that is due to be introduced in 2016.

Under the proposals, a person’s care home fees will effectively be split into 3 parts – a daily living cost, a Local Authority…

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