See what people think about the service and advice they received from Eldercare Solutions by visiting the Trading Standards Buy with Confidence website.
While the introduction of the £72,000 limit on care spending has been widely anticipated, Partnership has warned that many consumers may need to spend the equivalent of the value of their home before they reach it.
The typical English homeowner would need to spend £177,500 on social care costs over more than six years before they hit the cap, according to Partnership, which calculated this is equivalent to 92 per cent of their housing equity (£193,426).
Under the new system, while a person in England may spend…Read More
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…Read More
Come and visit us at the Alzheimer’s Show taking place at Olympia London on the 16th and 17th May. The event will give you direct access to the best information, products and services as well as practical help and solutions for families caring for a person with dementia.
Dementia Pathfinders Community Interest Company is a social enterprise providing health and well-being services for people with dementia and their families and delivering education and learning programmes for people working in the dementia care field.
They value perspectives and experiences of people with dementia and their carers and supporters. They endeavour to work with integrity to ensure that the services they deliver truly reflect the needs and wishes of people with dementia, their carers and supporters and people affected by dementia in communities and organisations.
Take a look at their Read More
A new website has been launched, providing advice and practical support to assist people wishing to downsize.
According to www.downsizingdirect.com, older homeowners could get their hands on £100,000 in capital and save up to £2,000 a year in running costs if they were able to move to a smaller property. Enabling them to move would also help to tackle the housing crisis, with “last-time buyers” potentially selling at least a million family-sized homes.
Eldercare Property Partners is pleased to be a key partner of this…Read More
A recent article published by BBC News reports that elderly people face paying £150,000 for residential care before they reach the proposed £72,000 care cap.
As we have previously posted in these news items, this is because accommodation costs do not count towards the cap. Also, it is not the amount that you are actually paying in care fees that is counted but, instead, the amount your Local Authority would pay.
To read the full article click here
According to a report issued by The Strategic Society Centre think-tank, people in Britain are ‘oblivious’ to the cost of adult care and the likelihood of their own need for care in the future.
Nearly half of all respondents to a survey said they did not know the average weekly cost of a place in a residential care home. Of those that did answer, the mean figure suggested was £396.58 – around £140 below the average fee of £531.
Then you are in the minority.
Research recently commissioned by the Financial Times suggests that the care cap of £72,000 – intended to bring clarity and certainty to long-term care from April 2016 – is poorly understood, with thousands of people dangerously overestimating the new state safety net.
The FT commissioned a poll of people likely to need care in the next few years. The results showed a high level of confusion over what costs will be covered, leaving many at risk of a financial shock.
Amongst the…Read More