Tory social care plans explained........... .................... .......

If you have assets of more than £100k then the state won't provide you with any social care at all. This applies to home visits and care homes.

You have to pay for it all yourself in whatever way you decide until you only have £100k of assets remaining.

You could for example choose between:

A) Pay into an insurance scheme.
B) Pay cash for the care as and when you need it.
C) Sign-over your home to a private company so that when you die they can sell it to recover your care costs. What is left is given to your estate in your will. The company has to leave your estate with no less than £100k.

The state will only help you when your assets are less than £100k.

Posted By: Larry Hagman, May 18, 17:37:11