- Thursday, 28 June 2012
Carl Lamb, Director, Almary Green, says with little government funding, it is a grave mistake not to plan for care fees.
“Few people want to consider themselves ill and in need of long term care when they’re older but by ignoring the possibility, they are making a mistake.
“There are false expectations that the government will provide the elderly with sufficient care funding, but this is only available to the very poor.”
Carl’s comments came in response to the Institute for Fiscal Studies that funds spent on “universal” benefits should be redirected towards old age care funding after many people found they were struggling to cover the high costs.
“The reality is that people need to start making provisions for their own future and health and should not believe they can rely on state handouts when the time comes. I would recommend that people start to carefully consider their ability to fund care fees sooner rather than later because it can become a costly burden on families if they fail to do so and their health deteriorates.”
Pay for care with social care bonds - 10 June 2013