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Elderly people with savings pay £195 more a week on average for care

A new report has identified that those who save for care in later life could pay up to £10,000 a year more than those whose bills are met by local councils.

The figures, prepared by care analysts LaingBuisson, found that those who own homes or have saved for care pay around £750 a week on average for their care home bed.

In comparison, similar spaces at homes paid for by local authorities are £195 a week cheaper.

Over a year these extra charges could total £10,140 for someone living in an average residential care home.

The report concludes that as a result, elderly people who have saved throughout their lives could be subsidising the care home places of those who have not saved.

When it comes to more complex care, those paying their own nursing home bills are likely to be charged £1,000 a week, which is £270 a week more than the average amount councils are paying for state-funded nursing homes residents.

Caroline Dobson is an Associate Director with Mander Hadley, who specialises in legal matters relating to older client care.

She commented: “This report highlights the apparent disparity in care home costs. Unfortunately, many elderly people and their families are not aware of their rights and end up paying more than they should, which is why it is so important to seek legal advice on care fees at, or preferably prior to, the point of entry into care.”

For help and support on matters relating to liability for long-term care fees and other aspects of residential and nursing care, please contact us.

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