The Conservative Party has revealed plans to introduce a new long-term care scheme if elected to government at next year's general election.
Sketchy information offered by Michael Howard, leader of the Conservative Party at today’s Older People’s Summit suggests the Tory Party is looking to establish links between the government, the insurance industry and the health service to encourage takeup of a three-year insurance plan, on the grounds free long-term care is offered thereafter. Howard said full details of how the regime would work will be revealed at a later date, but those who can afford to pay will be expected to for at least three years. “One issue that older people and their families worry more and more about is t...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes