UK: ” Government `Care and Support’ Comes at a Cost to the `Taxpayer’ Namely Supporting Insurance Providers `Better Known’ as Private Healthcare”

#AceNewsServices says “UK Governments” way of helping people is making sure they protect their interests by looking after business first and our elderly last.

News Story:

Care needs: financial services industry to develop products to help people plan

Government and Association of British Insurers (ABI) have committed to working together to help people plan for their future care costs.

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Care and Support Minister, Norman Lamb, and the Director General of the ABI, Otto Thoresen, have signed a joint ‘statement of intent’ committing to work together to:

  • help people get the information they need to plan and make decisions about how to pay for their long-term care
  • create the right conditions for a larger market of financial products that will give people more choice

Norman Lamb said:

The current care and support system doesn’t work and is hugely unfair. People face losing almost everything they’ve worked hard for or being forced to sell their family home in a time of crisis to pay for the care they need.

Our reforms will not only stop this from happening but will provide the financial services industry with the certainty it needs to develop products that can help people plan for the future. I welcome this commitment from the industry and am excited to see how this new market could transform the way we pay for our care.

Otto Thoresen said:

The insurance industry can play an important role in developing solutions to help people fund their long-term care needs. We have supported the introduction of a new care funding model, and believe the Care Bill provides a sustainable framework for both industry and consumers.

The statement of intent sets out our commitment to working with the government to create the conditions for the development of an insurance market that offers a range of products to help people meet their long-term care needs.

A number of companies have stated a commitment to developing this financial market and have indicated the sorts of products that could emerge. These include Aegon, Aviva, Legal & General and Swiss Re.

Aviva said:

We stand behind the statement of intent as a great summary of how government and the industry can work together in the best interests of consumers. We are committed to the long-term care market and making sure people of an older age have the peace of mind that being adequately planned and prepared for older age brings.

Legal & General said:

Legal & General is committed to helping government by developing workable financial products to help individuals finance long-term care. Likely solutions will involve a mix of products reflecting different individual and family circumstances.

The government is introducing the biggest reforms to the way care people pay for their care in more than 60 years. These reforms will include a cap on the cost of care to protect people from unlimited bills. They will also give people the option of deferring payments so they aren’t forced to sell their homes to pay for the care they need.

These reforms aim to provide greater certainty about what people will be expected to pay and therefore provide greater opportunity for a new market of care products to emerge. In March 2013 the government asked the financial services industry to lead a review of the market, to identify opportunities for new products and barriers to them being realised.

The findings of this industry-led review have now been published, which marks the first step towards giving people greater choice about how they can meet the costs of their care. Swiss Re said:

Swiss Re feels that the issue of social care is important to the UK community and we are pleased to have been actively involved in the review which led up to the statement. The review identified a number of areas where more work is needed to give people access to appropriate information and advice and more choice about how they meet their care costs.

Aegon said:

The growth of platform solutions makes it easier for individuals to look at all of their assets together on a consolidated basis – pensions, other savings and even housing equity. This will allow people to make the best use in later life of the savings and assets they’ve worked hard to build up.

Read the companies’ full statements on the DH media centre’s news feed.

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#acenewsservices, #aegon, #aegon-uk, #association-of-british-insurers, #care, #financial-services, #government, #insurance, #legal-general, #long-term-care, #norman-lamb, #support, #tax-payers, #uk

The True Cost Of Care And How We Are Misled

English: NHS logo

English: NHS logo (Photo credit: Wikipedia)

I seem to lately not be able to find many plus point’s in today’s ” Care In The Community” but so easily we are told we are here to improve things for the elderly and disabled! So often this is not the case and they just tinker with the edges.

Then you read an article that says –

The Sunday Express examines who should pay for the cost of care. It says that there is a common misconception that people in care homes automatically have to pay for their own care, when in fact anyone reliant on long-term care owing to illness should be assessed for their medical and health needs, as they may be eligible for full NHS funding.

On the face of it seems great and people can get ” FULL” funding from the NHS well would that not be great news! Well anyone reading this can add their take and leave a comment about their experiences and if l get enough l will start a poll and we will try to gauge as much public opinion and l will launch a campaign to get people the funding they need!

Anyway anyone reading my posts will realise l spend so many days a week running my mother’s care provisions, l say running as it is my job as the only member of the family, will to do it! Anyway less of my woes and onto the reason for my earlier comments. These relate to obtaining funding and how and what you are entitled and where to go to get it agreed! On the face of it social services, suggest you do not get them involved as when they do they own all funding and think they can tell you what to do!

As you know l am not a yes man and l just ignored them and worked through the system and eventually got whatever my mother required as she was my guinea pig and would one day catapult me to provide care through a ” Welfare Fund ” for people in need commencing in Warwickshire UK. Well l decided if l had to use my time to help and guide my mother then l may as well make good use of the knowledge gained.

The comments that are related in the article on the Sunday Express state simply if you get assessed you can receive full funding, well please l challenge anyone to get it all paid, the system is designed in so many ways,to prevent you qualifying! There are so many onerous questions and once you get one part sorted, then part two will change it and so on and so on!

After five years l have reached a point whereby l know what l can get, how much l can have and where to get it and l never take NO for an answer! So please do not get disheartened and always look at what others can have and make sure you get all you are entitled and never ever take NO for an answer!

Need advice or guidance let me know, l will always try to help?

#care-in-the-community, #funding, #long-term-care, #national-health-service, #nhs, #nursing-home, #old-age, #sunday