Care home fees cap
Discussion
Hi all I know it’s hot topic at the moment with today’s news but I have a question which although linked is not because of today’s news.
My mum has just gone into a care home. She has savings in excess of the £23k so has to pay the home fees herself.
However is there a cap as to what she could pay currently? It’s £100 a day so it’ll soon rack up so I just wondered if there was a cap as to how much she could pay?
If so, how does today’s announcement change this?
Thanks for any advice.
My mum has just gone into a care home. She has savings in excess of the £23k so has to pay the home fees herself.
However is there a cap as to what she could pay currently? It’s £100 a day so it’ll soon rack up so I just wondered if there was a cap as to how much she could pay?
If so, how does today’s announcement change this?
Thanks for any advice.
audi321 said:
Hi all I know it’s hot topic at the moment with today’s news but I have a question which although linked is not because of today’s news.
My mum has just gone into a care home. She has savings in excess of the £23k so has to pay the home fees herself.
However is there a cap as to what she could pay currently? It’s £100 a day so it’ll soon rack up so I just wondered if there was a cap as to how much she could pay?
If so, how does today’s announcement change this?
Thanks for any advice.
2023 from what I briefly saw before they stop spending her savings on her care and the £80k cap kicks in My mum has just gone into a care home. She has savings in excess of the £23k so has to pay the home fees herself.
However is there a cap as to what she could pay currently? It’s £100 a day so it’ll soon rack up so I just wondered if there was a cap as to how much she could pay?
If so, how does today’s announcement change this?
Thanks for any advice.
£100 per day is cheap btw, my uncle is currently paying just under £1k a week for an average place in north Derbyshire.
Not even close. What they have said - but not explicitly explained - is that the cap is on care costs. Not accommodation costs. Most of the cost of a care home is accommodation and not care. According to an IFA friend of mine, people might have to pay out as much as £400k total to hit the £86k care cap.
audi321 said:
Thanks. Is there any details on when the £80k starts from? I.e. if she’s paid £70k before 2023, and another £10k in 2023, is the cap met?
Not as yet but we are in same boat hoping it kicks in across board. Can't see why it won't as it would be challenged as unfair I assume? My uncle will have 267 weeks left there at his current rate of burning through it if not...
Edited by 200Plus Club on Tuesday 7th September 22:48
deckster said:
Not even close. What they have said - but not explicitly explained - is that the cap is on care costs. Not accommodation costs. Most of the cost of a care home is accommodation and not care. According to an IFA friend of mine, people might have to pay out as much as £400k total to hit the £86k care cap.
Yes it's very sketchy on actual info with it being today's news. Morning Paul, trust you’re well pal?
Sorry to hear about your Mum.
This gives a little bit more clarity, but care costs are purely care, after hitting certain benchmarks, and from 2023.
https://www.bbc.co.uk/news/health-58442991
Sorry to hear about your Mum.
This gives a little bit more clarity, but care costs are purely care, after hitting certain benchmarks, and from 2023.
https://www.bbc.co.uk/news/health-58442991
ellroy said:
Morning Paul, trust you’re well pal?
Sorry to hear about your Mum.
This gives a little bit more clarity, but care costs are purely care, after hitting certain benchmarks, and from 2023.
https://www.bbc.co.uk/news/health-58442991
Cheers Jez. Yeah all good here (apart from the above) and thanks for the link. Looks like usual BS from them!Sorry to hear about your Mum.
This gives a little bit more clarity, but care costs are purely care, after hitting certain benchmarks, and from 2023.
https://www.bbc.co.uk/news/health-58442991
Why should the taxpayer pay for the non care costs eg accommodation, food etc? These are costs we all face before we have a need for social care. The taxpayer should only pay towards the social care fees, which is what the government has proposed.
I heard someone say that a person will need to have paid total all up social costs of around £400,000 before hitting the proposed cap of £86,000, which to me gives an indication of how high the non care fees really are.
R.
I heard someone say that a person will need to have paid total all up social costs of around £400,000 before hitting the proposed cap of £86,000, which to me gives an indication of how high the non care fees really are.
R.
Well if accomodation at £1,000 a week is broadly 400-86/400, then that's £785/week.
I keep a family of four housed, heated, insured, fed, supplied with water, council tax, TV, internet etc... in a nice rental, for less than that, with two cars. Oh and two cats.
So accomodation costs could be seen to be a bit excessive I'd say.
I keep a family of four housed, heated, insured, fed, supplied with water, council tax, TV, internet etc... in a nice rental, for less than that, with two cars. Oh and two cats.
So accomodation costs could be seen to be a bit excessive I'd say.
200Plus Club said:
Not as yet but we are in same boat hoping it kicks in across board. Can't see why it won't as it would be challenged as unfair I assume?
My uncle will have 267 weeks left there at his current rate of burning through it if not...
Scary to think that everything you worked your whole life for could be spent in five years in a care home. Especially when somebody who didn't bother working hard and didn't save a penny gets given it for free.My uncle will have 267 weeks left there at his current rate of burning through it if not...
robscot said:
deckster said:
the cap is on care costs. Not accommodation costs.
Bang on.Smoke and mirrors and people don't see the detail.
Joey Deacon said:
Scary to think that everything you worked your whole life for could be spent in five years in a care home. Especially when somebody who didn't bother working hard and didn't save a penny gets given it for free.
We are mostly talking about running down the boomer generation's unearned housing wealth, so I wouldn't get too het up about what people did and didn't work for. The hardest working person in this whole equation is probably the zero hours care worker wiping up the human filth, who won't have £200k+ of home equity to pass on when they're old.Joey Deacon said:
Scary to think that everything you worked your whole life for could be spent in five years in a care home. Especially when somebody who didn't bother working hard and didn't save a penny gets given it for free.
What did you work hard and save for if it wasn't to be able to look after yourself in your old age?What do you do about people who did work hard, but due to either low-paid work (eg care home workers) or to circumstances beyond their control don't have much in savings? Leave them on the side of the road?
boyse7en said:
Joey Deacon said:
Scary to think that everything you worked your whole life for could be spent in five years in a care home. Especially when somebody who didn't bother working hard and didn't save a penny gets given it for free.
What did you work hard and save for if it wasn't to be able to look after yourself in your old age?What do you do about people who did work hard, but due to either low-paid work (eg care home workers) or to circumstances beyond their control don't have much in savings? Leave them on the side of the road?
There is no cap at the moment and I think that is very wrong.
My dad has been careful all of his life, saved, worked hard etc. Now his assets are being eaten up at £1200 a week for his care home and my mother is worried sick as she sees their savings disappear and wonder what happens if she needs a care home
My father in law was a complete waster all of his life, sponged off his wife and family, never held down a job, did dodgy stuff that the taxman never saw etc, beat his wife and daughter. A thoroughly unpleasant person.
His care home was fully paid for by the state £640 a week. (Mind you the state asked me to contribute, my response was "nothing to do with me"
My dad has been careful all of his life, saved, worked hard etc. Now his assets are being eaten up at £1200 a week for his care home and my mother is worried sick as she sees their savings disappear and wonder what happens if she needs a care home
My father in law was a complete waster all of his life, sponged off his wife and family, never held down a job, did dodgy stuff that the taxman never saw etc, beat his wife and daughter. A thoroughly unpleasant person.
His care home was fully paid for by the state £640 a week. (Mind you the state asked me to contribute, my response was "nothing to do with me"
blueg33 said:
There is no cap at the moment and I think that is very wrong.
My dad has been careful all of his life, saved, worked hard etc. Now his assets are being eaten up at £1200 a week for his care home and my mother is worried sick as she sees their savings disappear and wonder what happens if she needs a care home.
It sounds like an unpleasant situation - and do correct me if I am wrong here - but assuming they own their own home isn't that protected whilst a surviving partner living in it? The backup plan could be for her to do equity release at some stage in the future if things get tight on living expenses.My dad has been careful all of his life, saved, worked hard etc. Now his assets are being eaten up at £1200 a week for his care home and my mother is worried sick as she sees their savings disappear and wonder what happens if she needs a care home.
Anyone know what % of the UK population, by age, end up in a care home, their average time spent there before death and the costs incurred?
The current funding situation would almost certainly be improved if there were appropriate insurance schemes available to people who wanted to buy them.
It seems unlikely that there wouldn't be money to be made by the insurance industry in providing such policies.
The current funding situation would almost certainly be improved if there were appropriate insurance schemes available to people who wanted to buy them.
It seems unlikely that there wouldn't be money to be made by the insurance industry in providing such policies.
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