The Problem

The number of people in the UK aged over 85 will double in the next

fifteen years.

Since the local authority austerity measures were introduced in 2008 only around half have so far been implemented

As part of the austerity measures local authorities have raised the bar for care need based funding with the result that an increasing number of people now have to fully self fund their care. Where local authorities do provide funding they continue to do so at a rate which is below the level at which quality care can be sustained (evidenced by independent analysts LaingBuisson). This means Third Party Top Ups have become common place and can frequently amount to hundreds of pounds a week. The present system only survives because people who self fund their care are often cross subsidising those whose care is funded by the state.

What happens if the Top Up

cannot be met?

If the third parties (usually the family) are not able to meet the Top Up and the care provider is not in a position to reduce the fees then the local authority is left with a dilemma. Provided the local authority has conducted a care needs assessment and the care needs meet their criteria, the ultimate responsibility for the care placement will rest with the local authority. The authority can either opt to increase the amount they are willing to contribute or they can relocate the person to a care provider who is willing to accept the authority`s rate for care which may not be local or even in the same county.

The possible solution

Our comprehensive approach to care funding looks at all of the options open to our clients with the aim that they can meet the income needs indefinitely. We frequently establish a position where the level of capital protected is sufficiently high that local authority funding and a potential third party top up will never be required. We also find that it is often important to our clients to be able to leave an inheritance for their loved ones and our approach also helps to achieve this too.

A note on the 2014 Care Act

Part of the Care Act 2014 came into effect in April 2015 giving statutory rights to carers and consolidating 60 years of health and social care legislation.  The financial regulations relating to the cap on care costs and the new higher capital thresholds to trigger local authority funding however have now been scrapped.  A Green Paper is to be published in 2018 for discussion to provide a sustainable system to provide care and support for older people. This is the latest attempt by succesive governments since 1993 to meet this challenge.

We were guided by Mark through all the possibilities for funding my mother’s care with clear explanations and counsel… Mr & Mrs S, Leominster
Read more on our testimonial page…

We can often establish a position where the level of capital protected means local authority funding and a top up will never be required.