Facts And Figures
Some of the statistics around the costs of care in the UK are astounding and bring into focus the need for the right advice in terms of both planning for long term care and ensuring that your care requirements are properly assessed by the NHS in the first place.
- The average amount a family spends on care home fees in a nursing home is £48,708 over the average period of care, which is currently 66 weeks.
- The UK average annual fee in 2012 for a single room in a private residential home is £27,872 (£536 per week). For a nursing home, it is £38,376 (£738 per week).
- In the last quarter of 2013, the NHS confirmed that only 58,000 people in the UK received continuing care funding. This is currently just 13% of people in the care system.
- We estimate there are well over 100,000 people who are unaware that they should receive NHS Continuing Care Funding (and many more who can reclaim fees already spent since March 2012).
- This means that over £4.8bn of privately paid care home fees are being incorrectly and unfairly paid by individuals who are entitled NHS Continuing Healthcare Funding.
- The NHS has already admitted that people have been wrongly assessed for NHS Continuing Healthcare Funding and have refunded care home costs that should have been funded by local Primary Care Trusts (PCT’s) – now called Clinical Commissioning Groups (CCG’s).
- The value of money in ‘contingent liabilities’ in PCT’s accounts rocketed to £660.5m in 2012-13, up from just £55.6m in 2011-12 and this is just the tip of the iceberg, in our opinion.
- According to the Department of Health’s annual accounts, the PCT’s contingent liabilities are ‘mainly in respect of continuing care liabilities’.
- According to the latest Laing and Buisson survey (2013), there are 431,500 elderly and disabled people in residential care (including nursing), approximately 414,000 of whom are aged 65+. This means that over 95% of care home residents are aged 65 or over.
- The total annual value of the independent sector healthcare market is £39.9 billion, £6.2 billion of which is for home care and £13.4 billion for older people’s residential care (2012/13).