Tories turn their minds to long term care with insurance back-up deal


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

Opposition leader Michael Howard has proposed a scheme to avoid the need for older people to use up their life savings and property to pay for residential care. His plan is for a three-year partnership scheme between government, the insurance industry and families. People who take out an insurance plan that meets the cost of three years¹ long-term care would be guaranteed free long-term care by government beyond those three years, regardless of their assets. Free means-tested long-term care would still be available to those whose assets were too low to meet any long-term care costs privately. Speaking at the Conservative Party¹s Older People¹s Summit, Mr Howard said 40,000 people a year suffer the indignity of having to sell everything to pay for long-term care. He said Labour had not come up with any proposal to address this huge area of concern. “Without proper planning, someone¹s entire life savings and property are used to pay for care ­ 40,000 people suffer this indignity every year,” Mr Howard said





Comments are closed.


Latest blog posts

Extracare – the next best solution?

By Caring Times editor GEOFF HODGSON

Academics at Newcastle University say that an average of almost nine thousand more care home beds will be needed each...

Care homes discounted in end of life care

By Caring Times editor GEOFF HODGSON

I am sure that we all want those who we care for to experience ‘a good death’ when the time...

Perhaps I’m ‘app’athetic

By Caring Times editor GEOFF HODGSON

I’ve got an app in my toolbox that allows me to bang-in nails – I call it a hammer. I’ve...