Pay when you die solution for pensioners moving into care homes (Great Britain)

By artappraiser on Wed, 07/11/2012 - 12:58am |

Pensioners moving into nursing homes will be able to borrow money from the Government rather than having to sell their property to pay for care, under plans to be unveiled by ministers.

By Robert Winnett and Tim Ross, Telegraph.co.uk, July 10, 2012

Councils will lend money to nursing home residents and recover it after death from the proceeds of the person’s house being sold. The “pay when you die” scheme, to be introduced in 2015, is intended to stop up to 40,000 people each year being forced to sell their homes to pay for care.

A care home place costs an average of £26,000 a year and only those with limited assets have their bills paid by the state. Andrew Lansley will publish the long-delayed social care White Paper on July 11th [....]

URL:

http://www.telegraph.co.uk/health/elderhealth/9390844/Pay-when-you-die-solution-for-pensioners-moving-into-care-homes.html