Cap on costs of residential care will help only a few, finds study

Ciaran Arthurs's picture

Those expecting changes to help cover their bill are in for a shock, according to the Institute and Faculty of Actuaries

The cap on the cost of residential care announced by the government last year will help few older people, according to a report by the Institute and Faculty of Actuaries (IFoA).

Those expecting the changes to help cover their bill are in for a shock, the institue's study says, because just 8% of men and 15% of women entering care at the age of 85 are expected to reach the £72,000 limit that is being introduced in 2016.

Continue reading...

Last modified: 
Monday, 19 May, 2014 - 14:56