You are here: Home - Retirement - Retirement planning - News -

New calculator highlights care elgibility

0
Written by:
28/11/2018
The UK currently spends over £140bn a year on public provision of health and over £20bn on social care, but many people find it very difficult to access that care or understand how much they are owed.

Research by PSOS Mori found that people using the system found it “complex and stressful”. Live-in care group start-up, Elder, has launched an elderly care calculator, which estimates eligibility for various social care funding options. It is designed to help those paying for care understand their entitlement.

The group said more people found they were entitled to help with care costs than they expected. The calculator showed 72% of users were eligible for some level of funding through their local authority.

Pete Dowds, Elder chief executive and founder, said: “This calculator is designed for better understanding and understanding gives a feeling of control, it’s empowering. Finally, families across the country can be empowered to understand not just support from local authorities, such as direct payments but also NHS funding and even their eligibility for equity release.”

The calculator takes the user directly to their local council’s direct payments application page.

The NHS also provides a guide to the type of care to which elderly people might be entitled. In general, medical care – that would otherwise be funded by the NHS – will be funded, while residential care will not. However, this masks significant complexity in working out which benefits are due. These will depend on the needs of the person involved and the other resources available to them.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Could you save money with a social broadband tariff?

Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.

How to help others and donate to food banks this winter

This winter is expected to be the most challenging yet for the food bank network as soaring costs push more pe...

Your rights for refunds if travel is affected by strikes

There have been a wave of strikes this year across many different industries, and more are planned over Christ...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week