Brought before Parliament in the House of Lords on 10th May, the Bill is currently being debated. It will become law at the end of this year or early 2014.
It contains provisions for reforming the long term care sector, following the Dilnot Review in 2012. It includes provisions for:
- Capping the total amount an individual would have to pay towards care at £72,000 from 2016.
- Consolidating the various national and local level care provisions into one unified system.
- Ensuring individuals have access to advice on care provisions, including financial advice on meeting the cost of care.
Long term care is a significant issue for the country and the current system is ill equipped to deal with a rising ageing population. It is estimated that one in four people aged 65 will require long term care at some point in their life. With an increasing strain on government resources the future for the provision of quality care will need to some from a combination of private and state funding, with a fairer system for all concerned.
Ruth Dolan is an accredited Later Life Adviser and a member of the Society of Later Life Advisers. Contact Ruth on 01227 863151 or email@example.com if you need advice on funding care fees.