Planet Insurance: Long-term care

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The politics of long-term care funding has become very contentious in the run up to the election and the debate has moved from a relatively rational debate on options for the future to emotive political point scoring.

This is a shame, given the huge importance of this issue to the Nation. In brief, the Government published its Green Paper last year which proposed a new National Care Service. It ruled out ‘free’ support, thus retaining the post-war consensus which differentiates social care from the NHS. The preferred option was a £20,000 contribution which could be met in various ways, for example at retirement, through contributions through a working life or at death. Not surprisingly, the size of the contribution attracted media attention, but at this point we were still in rational debate mode betw...

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