Data released by care provider Prestige Nursing shows an overwhelming majority of people believed that state support kicks in once they run out of money. The survey of 1,200 consumers comes as a surprise and shows the degree of misunderstanding and ignorance about the care sector.
More importantly, the survey found despite the average UK care home cost hitting £25,953 in 2011, 87 per cent have made no provisions to cover costs.
The survey found 97 per cent of over 65s, 92 per cent between 45 and 55 and 85 per cent below the age of 24 believed they needed to self-fund their care costs.
The report by Prestige Nursing also found 28 per cent believed their parents’ care costs will be funded by the state and personal savings, while 22 per cent believed their parents needed to fund their own care. Another 8 per cent believed the council will fund the costs.
The lack of care funding among the older age group is a cause of concern, said Jonathan Bruce, managing director of Prestige Nursing.
“Almost nine out of 10 people believe that they will need to pay for their own care until they cannot afford to, which is a myth. This really highlights the significant amount of ignorance and misunderstanding that surrounds the social care sector. Each council appears to have slightly different rules and it is very difficult to find clear information. With the Dilnot Commission recently proposing some far reaching changes, if the government wants to ‘fix’ the care system, it needs to ensure that they inform and educate people as part of this,” he added.
The 80 page report submitted by Dilnot Commission on Funding of Care and Support had recommended overhauling the “creaking system” that was no longer fit for purpose.
The Fairer Care Funding report has recommended a shared responsibility model, where both the state and individual shoulder the cost together. It recommended individuals with assets more than £100,000 should pay for their care costs, both at nursing home or in-home. Individuals with assets up to £35,000 will receive state funding, while those below £100,000 will qualify for means-tested benefits.
“People often make guesses from what they read and hear. It is down to a postcode lottery, depending on the local authority support,” said Brian Tabor of CareMatters about the survey findings.