| |
Centre for Policy on Ageing | |
 | |
|
| Private funding mechanisms for long-term care | | Author(s) | Sandy Johnstone |
| Corporate Author | Joseph Rowntree Foundation - JRF; Careful Decisions Limited |
| Publisher | Joseph Rowntree Foundation, York, 2005 |
| Pages | 18 pp |
| Source | York Publishing Services, 64 Hallfield Road, Layerthorpe, York YO31 7NZ. PDF download: http://www.jrf.org.uk/bookshop Alternative formats such as large print, Braille, audio tape or disk available from Communications Department, Joseph
Rowntree Foundation, The Homestead, 40 Water End, York YO30 6WP. |
| Keywords | Insurance [elderly] ; Financial services [older people] ; Care homes ; Nursing homes ; Long term ; Costs [care]. |
| Annotation | Long-term care provision in the UK has been the subject of much debate and analysis in the last ten years, and yet the issue of how to fund the cost of that care in the future remains unresolved. This paper examines the financial services options that have been available since 1990: insurance plans; investment-based plans; conversion policies; and immediate-needs annuity plans. It analyses the barriers to access, and considers alternative products to pay for care: insurance for the later years of dependency or for limited periods of disability; lifetime mortgages; and pension products. The prospect of a national compulsory scheme is reviewed, and recommendations are made on how a coherent, robust funding system for the future might evolve. (RH). |
| Accession Number | CPA-050707002 B |
| Classmark | JG: J: KW: LHB: 4Q: QDC |
Data © Centre for Policy on Ageing |
|
| ...from the Ageinfo database published by Centre for Policy on Ageing. |
| |
|