‘Loans’ proposal to fund long term care

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

Draft details of government plans to allow local authorities to “lend” elderly people the cost of their long term residential care have been reported in the _Financial Times_ (15/6/00). The _FT_ says it has obtained draft details of the white paper, called “Quality, Choice, fairness – better services for the elderly”. The white paper is reported to suggest that local authorities will meet the cost of residential care (including the “hotel” cost of nursing home home care) and then claim the money back from the person’s estate. With average life expectancy in long term care ranging from 18 to 30 months, the local authorities are expected to be able to recoup the “loan” reasonably quickly, althought there would be an up-front cost to the Government to establish the proposed funding regime. The draft proposals include plans to allow three months of state-fuinded residential treatment before people are obliged to use the assets from their home to pay for the costs of care. The “property disregard” is designed to a

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