Tag Archives: Older care
Will people save within a Premium Bond to pay for their long term care
Care bond pitched as LTC funding solution
Blueprint suggests a model similar to premium bonds to encourage saving for potential long-term care needs
Funding for care has crept further on to the agenda in the past few years off the back of the Dilnot commission.
But even with a cap on care costs, many will struggle to pay the cost of care should it become necessary.
A new product pitched by Cass Business School, in conjunction with the International Longevity Centre UK, aims to ease the burden of paying for care in addition to incentivising people to make provision for themselves.
Personal care savings bonds (PCSBs), proposed by Professor Les Mayhew and Dr David Smith of the business school, would work in a similar way to premium bonds in that they would pay monthly prizes, free of tax, which could either be claimed or reinvested.
Unlike premium bonds, however, they would accrue monthly interest and could be purchased by any adult at a nominal value of £1 each.
They could only be cashed when the owner passed a social care assessment or died.
Protecting older people with a disability from living in poverty
New research on attendance allowance says more should be done to support those receiving the benefit
Attendance allowance (AA) is a weekly cash payment to older people with disabilities by the Department for Work and Pensions, worth between £59 and £73. It is a contribution to the extra costs of living with a disability and rarely, if ever, receives any discussion in policy debate. This is odd given the scale of the AA – it is paid to around 1.5 million older people in the UK at a cost of around £5bn each year.
To bolster the evidence base on AA and explore how we can make better use of it, the Strategic Society Centre and Independent Age recently published some new research and policy analysis.
Analysing data from the government-funded English Longitudinal Study of Ageing, we found that most people receiving AA are female and aged over 80. The most common difficulties with activities of daily living experienced by recipients are dressing (including putting on socks and shoes) and bathing or showering. Over half are unable to do work around the home and more than 40% have difficulty shopping for groceries.
If only more care homes would open their door to the public!
Care homes open doors to the public
Care homes across South Yorkshire opened their doors to the public to celebrate National Care Home Open Day.
The idea behind the day is to encourage people to visit their local care home to develop better relationships between the homes and the community.
Norton Lees Hall and Lodge, a care home which specialises in the treatment of residents with dementia, was visited by MP for Sheffield Heeley Meg Munn and singer Jesscia Armstrong to mark the occasion.
