Cap on Care Home Fees – Will it Affect You?

The coalition has announced their commitment to setting a cap on care home fees at £72,000, with the state funding care once that amount has been reached. But figures suggest that for the majority, the costs of providing care for elderly relatives will far exceed the cap amount.

Research by the Institute and Faculty of Actuaries has found that for the average family the cost of care will actually reach £140,000 before they are considered to have reached the cap. Costs such as bed and board are not counted towards the capped amount, and are not covered once the cap has been reached.

Their report states that the cap is so high only 8 percent of men and 15 percent of women who enter care will ever reach it.

The government commissioned Dilnot Report, launched in 2011, recommended a cap of between £25,000 and £50,000, and its author, economist Andrew Dilnot, has said he “regrets” that the cap is “higher than we would have wanted”.

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Thousands of people every year are forced to use all their relative’s savings and assets, including the sale of their home, to fund care fees.

The general secretary of the National Pensioners Convention has stated that “£75,000 is a hugely high cap” warning “people are still going to lose their homes to pay for this.”

Yet in cases where the care should be NHS funded, they should be charged far less, or even nothing at all.

If you or a loved one are concerned about care home fees, and confused about what help you are entitled to, do not hesitate to contact our My Care Claim experts at Castle Keep Law on 0330 102 0110 or visit mycareclaim.co.uk for full details of the service we offer.

Equally, if you have paid care home fees that you think should have been funded by the NHS, our team can also assist in assessing your claim, and are experienced in handling the claims process, so you stand the best chance of reclaiming the money that you are entitled to.