Unfortunately, ministers have recently admitted that there will be hundreds of thousands of pensioners who will lose money due to care costs. It’s as a result of the Conservatives delay to cap care prices.
Over 100,000 affected
The state was due to step in and cap care costs when they reach the £72,000 level. This cap on the costs of elderly care would help prevent pensioners spending shocking amounts in care fees. The reform would also introduce a threshold so that only those with more than £118,000 in assets would start paying the whole costs.
They admitted in a parliamentary written answer that the delay will see no fewer than 23,000 pensioners lose out immediately. And an impact assessment shows that over the following decade, an additional 80,000 people – who would have received state support had the cap been brought in as promised – will lose out. – Daily Mail
The Conservatives pledged to put a cap on care prices in April 2015. However it was announced in July that it has been delayed until April 2020.
Read more about the state of our care in our post, ‘An Ageing Population: Are We Prepared?’
Costs of elderly care
Residential care homes are often too expensive for the elderly and their families to fund. It also can take away independence for those who could still live at home with some help. For those who are still physically and mentally active enough to stay in their homes shouldn’t be paying out for expensive care if they can avoid it.
To help reduce the costs of elderly care, your elderly clients may benefit from a Telecare for its reasonable price and simple system for emergency care. Take a look at our personal alarm products that could help you with the costs of elderly care.
Or if Telecare could help cut the costs of elderly care for your clients, you can refer them via our website. We accept referrals from social workers, care providers and health professionals.
To find out more gives our team a call today on 0800 635 7000.