Consumer insurance for long-term care (LTC) will not solve the problems of social care funding in England and Wales and a hybrid public-private partnership model should be explored instead, according to a new report.
Cuts to long-term care funding could lead to a shortfall of almost 100,000 care home beds over the next ten years, according to a new study.
Three-quarters of over-50s expect the government to pay for all or most of their long-term care needs, research suggests.
The asset threshold over which individuals cannot access state help with long term care (LTC) bills has been frozen at £23,250 until 2013.
Poor knowledge of the system of lasting powers of attorney (LPA) has left many pensioners seeking long-term care facing delays and other problems, solicitors say.
Partnership has launched a consumer website offering details on all aspects of long term care (LTC) funding, from local authority assessments through to charity helplines.
Just 4% of the population has made firm plans to fund their future long-term care (LTC) needs while two thirds (63%) have not even considered the matter, according to ABI research.
Up to 250,000 people with dementia receive care and support that fails to meet their needs, resulting in 50,000 people being forced into care homes early, an Alzheimer's Society report has found.
The Department of Health's Commission on Funding of Care and Support has called for evidence and fresh perspectives on the future funding of care and support.
Private clients in care homes are charged more than those paying under local authority arrangements, a situation set to worsen, Partnership has found.