2014 Care Act explained in new “Funding the Cost of Care” guide


Apr 28, 2015
2014 Care Act explained in new “Funding the Cost of Care” guide

The 2014 Care Act was widely hailed a landmark of British social care as it defines social care needs across Britain and sets out exactly what councils across England need to do in order to meet elderly people’s needs through either home care, part-time or full-time residential care placements. 

However, while the Care Act has changed the way that government funding for elderly people that need it is allocated, but it can be difficult to get to grips with exactly how it works. A new guide produced by Caring Homes, entitled “Funding the Cost of Care”, cuts through the confusion to provide readers with a clear, informed information source that deals with the questions they need answering. 

This will subsequently enable them to make an informed decision about the sort of establishment they want to move into in order to save as much money as possible. It’s important that elderly people are aware about what the Care Act means for them because of the potentially high costs of moving into a care home – it can cost anywhere between £25k and £33k per year for standard care, and up to £45k for nursing care depending on where in the UK you live. 

With that in mind, everyone could probably do with a little help, which the Care Act may well entitle you to. With funeral, pension and home insurance all taking on greater significance at this time of life, any way in which you can save money should be welcomed.

From April 2015 

Local authorities will now have a greater responsibility with regard to providing care and support to older people in their communities and will be obliged to provide people the access they need to help with everyday tasks such as personal care, cooking and engaging with the community. 

From April 2016

From April 2016, the costs of full-time residential care will be capped at £72k for everyone aged 65 and over. The move was first proposed in 2013 by the Department of Health and is intended to create a fairer system.However, while the move has been welcomed as a positive step, it will not impact everyone. 

To qualify, you must be deemed to have high care needs, which will be assessed by social workers.

The guide goes into greater detail about the Care Act and the different levels of financial impact that it might have on you. Download it now for more information.


Ashley Shepherd is an Over 50s Personal Finance Expert

ashley shepherd

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