Self-funders still face £200,000 LTC bill post-Dilnot - Partnership

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Self-funding long-term care residents could still face a bill of almost £200,000 for four years in a residential home under the proposed Dilnot Commission reforms, according to Partnership.

The immediate needs annuity provider feared people may not realise that the proposals only covered care costs but not accommodation fees. It cautioned that those bills not included could run to two or three times as large as personal care and nursing costs combined. ‘The potential value of financial advice in this arena is clear,' the provider said. ‘An individual with care costs of £1,000 a week will pay £208,000 under the current system if they live for four years, the average life expectancy of a Partnership customer. ‘Under the new system, they would still pay £189,000 over ...

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