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The Carer Digital
THECARERUK
THECARERUK
Issue 87
Amendment to Care Cap Puts People at Risk of Catastrophic Care Costs - Says Report
A proposed government amendment to the social care cap will put more people at risk of ‘catastrophic’ care costs, and will impact those with modest levels of wealth in the North and the Midlands, a report has found. The government is proposing to change the legislation underlying the new £86,000 cap that people will have to pay towards their own social care costs. The amendment means that receipt of means-tested support to pay for care will not count towards the cap. A joint Institute for Fiscal Studies (IFS) and Health Foundation report, funded
by the Health Foundation, reveals that the proposed government amendment would impact most strongly those older people with modest levels of wealth. Those with wealth, including their home, of around £75,000 to £150,000 would face the biggest loss of protection as a result of the amendment. The result is that someone with around £110,000 in assets could lose 78% of their total wealth even after the cap is in place, while someone with £500,000 could use up only 17%.
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