Adult social care green paper: which is your preferred funding option?

In the adult social care green paper, the government has put forward three options for how people might fund care costs not met by the state:-

  • A partnership model under which individuals are left to meet their care liability themselves. While average costs for people over 65 would be around £20,000 to £22,000, those with the highest needs, such as those with Alzheimer’s, could still face significant costs of £100,000 or above.
  • An insurance model under which people would be invited to enrol in a state-backed insurance scheme – either run by the state or private insurers – and then get all of their care costs covered. The DH estimated that people might need to pay £20,000 to £25,000 into the scheme, protecting those with higher needs against prohibitive costs.
  • A comprehensive model under which all people over 65 would be compulsorily enrolled in a state insurance scheme. This would reduce premiums to £17,000 to £20,000, but people would need to pay regardless of whether they needed care or not.

Tell us which option you prefer by voting in our online poll.

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