‘We spent £1,176 per week on nursing home expenses!’ How social care can deplete your assets.


‘We spent £1,176 per week on nursing home expenses!’ How social care can deplete your assets.

Boris Johnson’s proposals will do little to aid retirees like Ian Blagden, who feels imprisoned in a merciless system after his loving wife Sheila was placed in a care facility. In a couple of weeks, the costs will deplete her life savings.

Ian, 72, of Stevenage, has been caring for his 78-year-old wife Sheila for nearly five years after she suffered a mental breakdown. Sheila was finally admitted to a care home five weeks ago because she required round-the-clock care, and Ian has now seen firsthand the flaws in our social care system. “It’s a farce,” he says. Personal care expenses will be capped at £86,000 under social care changes, while a new health and social care fee will be imposed on more than 25 million people.

The plan is to raise £36 billion for the NHS and care system over the next three years, but Ian’s experience suggests that a complete overhaul is necessary.

Sheila has only been in a nursing home for a few weeks, but the expense has already depleted her life savings.

Her State Pension and working savings provide her with a monthly income of £350, but her nursing home costs are more than three times that, at £1,176 per week.

Sheila had some funds and had received a £36,000 inheritance a few years ago, but much of it had already been spent on fees.

Local governments will only contribute to your care costs if your total assets in England fall below £23,250, known as the upper capital limit.

Once your assets fall below £14,250, they will only cover the full cost of care.

The means test considers the worth of your home, causing approximately 20,000 families to sell their homes each year in order to pay fines.

The value of a couple’s home is not included in the local authority means test for residential care if they jointly own it or have dependents who live there.

That is the situation with Ian and Sheila, which implies that the local council will ignore it as long as Ian resides in the area.

However, he is still confined to his home for the rest of his life. He couldn’t sell his three-bedroom house or use an equity release program to get money.

“As soon as any funds are made available, the. “Brinkwire Summary News”.


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