How to beat the benefits system to help fund care


Posted on December 1st, by editor in Caring Times. No Comments

Philip Spiers of the Nursing Home Fees Agency discusses the difficult decisions faced by many older people contemplating the need for long term care Because the need for long-term care can arise unexpectedly, many older people and their families are faced with making decisions about matters of which they may have very little understanding. Not the least, understanding a funding system that has become extremely complicated. As part of its response to the Royal Commission on long term care, the Government introduced a scheme to enable older people to borrow the cost of their long-term care against the value of their property. However, if someone is selling their home to pay for care this scheme can be financially disadvantageous. The saving for the Government for each participating resident may be unintentional but is significant. Combining local authority charging procedures with Department for Work and Pensions benefit regulations, residents of care homes taking advantage of the local authority new loan sch





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