Worrying facts about paying for elderly care

Worrying facts about paying for elderly care
March 1, 2015 Sarah Green

Important changes are planned for April 2016 to meet the growing demand for support.

It is planned that the cap of care costs will increase from £23,800 to £72,000. However this is not straight forward. The cap will not include the “hotel costs” in a care home i.e. the normal cost of daily living such as food, energy bills and the accommodation. Under these reforms, these so-called “hotel costs” will be set at £12,000 a year. For a typical place in a care home, that accounts for about 1/3 of the fees.

This means that an individual could find themselves paying over £100,000 over three years (£72,000 in care fees and £36,000 in hotel costs) before the cap kicks in. Once it does they will still be liable for the £12,000-a-year hotel costs until their wealth is whittled away. There are other worries; once the cap kicks in you may not be able to stay in the care home of your choice or even the area.

Statistics say that the elderly live longer if cared for on a 1:1 basis at home. With proper care fee planning and the right care and support, I know that most people can do just that.


Accessing quality and specialist advice is crucial.  The Society of Later Life Advisers was the first not for profit organisation to provide a framework of qualified and empathetic advisors throughout the country to ensure this advice is available and easily accessible to those who need it.

They all have the ‘CF8’ long term care qualification which was introduced to avoid miss-selling. Most financial advisers and banks do not have this specialist training. We are the first independent care provider to be made an affiliate member of Solla. Their first accredited consultant, Brian Blake lives in Bunbury and will provide free advice on the funding of elderly care. He works in conjunction with us to ensure that people plan their finances in the most cost effective way in order to remain living in their own homes for as long as possible.

Our live in care services start from £560 per week.

If you would like to discuss the many options available, please call us on 01829 260 280 or send us a message.

Campaigning to help people remain living in their own homes

We are a home care agency based in Bunbury, Cheshire helping families predominantly across the North West and North Wales, although we are nation-wide.

Bunbury Care Agency is a member of the UKHCA (United Kingdom Home Care Association) and an associate member of SOLLA (Society of Later Life Advisers). SOLLA is the only association in the UK that can provide accredited financial consultants who can advise and assist people with the funding of elderly care.

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