People are willing to pay for LTC - Partnership

clock • 1 min read

Nearly 60% of oldest believe individuals should pay for at least 50% of long term care costs, Partnership has found.

Older people are prepared to share at least half of the costs of care funding with the State, if someone who needs care has the savings and property that could be used to pay for it.

Partnership research has revealed 37% of over 65 year olds would be prepared to split the costs 50:50 with the State, while 15% of consumers aged 75 and older believe that individuals should stump up 100 percent of the costs of long term care if they have savings or could sell their home to pay for it.

The Partnership Care Index conducted interviews with consumers aged over 45 to measure attitudes towards long-term care across the UK.

Which of the following statements best reflects your attitude to who should pay for long-term residential care, if someone who needs it has savings and property that could be used to pay for it?:

 

screen-shot-2012-05-24-at-14

Chris Horlick, managing director of care at Partnership, said: "This survey sends an important message to Government while it fine tunes the Social Care White Paper.

"The oldest are prepared to share the burdens of paying for their care and will consider a partnership funding arrangement between the State and Individuals.

"This is in marked contrast to those who claim that the oldest should not shoulder the costs of care. The Government must demonstrate leadership and ensure there is a broad public debate about care funding."

 

    

 

More on Long Term Care

The cost of health issues on earnings and employment

The cost of health issues on earnings and employment

ONS data

Cameron Roberts
clock 26 June 2025 • 2 min read
148.9m working days lost to sickness in 2024

148.9m working days lost to sickness in 2024

ONS data

Cameron Roberts
clock 04 June 2025 • 2 min read
Reframing the adult social care crisis

Reframing the adult social care crisis

Why the cost of inaction could be the catalyst we need

Tony Müdd
clock 23 May 2025 • 5 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read