As we get older, it becomes more likely that we may need day-to-day help with activities such as washing and dressing, or assistance with household activities such as cleaning and cooking. This type of support, along with some types of medical care, is what is called ‘long-term care’.
A GOOD LIFE IN OLD AGE
Demand for long-term care is expected to rise, thanks in part to our ageing population and the increasing prevalence of long-term conditions such as dementia. This makes planning ahead essential, but when it comes to funding later life it can get quite complicated, particularly since the costs depend on several unknowns, including how long we are going to live. The matter is further exacerbated because of how local authorities calculate whether a person needs financial assistance for the cost of residential care.
LEVEL OF STATE SUPPORT
The level of state support received can be different depending on whether you live in England, Wales, Scotland or Northern Ireland. In England and Wales, for example, currently you can receive means-tested state assistance, which depends on your savings and assets. For instance, if your savings and assets are above £23,250 in England, you will normally be expected to pay for the full cost of long-term care yourself. Government state benefits can also provide some help, but may not be enough or may not pay for the full cost of long-term care
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