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Options for care funding: What could be done now?

Sue Collins

4 March 2009

Changes that can be made immediately to improve the UK's care funding system.

Many experts, the public and the Government agree that the UK needs a new care funding system: evidence shows that the present system is unfair, unclear and unsustainable. This summary updates a Solutions produced in 2007, and suggests four costed, fairer and more sustainable methods of funding including:

  • equity release, allowing older homeowners to pay for home-based care by deferring the costs until their home is sold;
  • higher capital limits for care home fees to help those with modest assets;
  • doubling the personal expenses allowance for people living in care homes supported by local authorities; and
  • restructuring help for people in nursing homes, breaking down the barrier between health and social care.

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