Search results for ‘Subject term:"older people"’ Sort:
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Housing for care: a response to the post-transitional old-age gap?
- Author:
- MANDIC Srna
- Journal article citation:
- Journal of European Social Policy, 26(2), 2016, pp.155-167.
- Publisher:
- Sage
This article examines the trade-off between owned housing and old-age care in Slovenia where the population has been found outstandingly willing to enter residential care and also consume housing wealth for this purpose. To explain this peculiarity, a case study as a holistic in-depth analysis was conducted, combining multiple sources of quantitative survey data and qualitative interview-based insights and accounting for the institutional context and individual decisions. What was found was a modernised version of the traditional ‘inheritance for care’ exchange, whereby the inheritor partly finances the parent’s residential care. This family-mediated trade-off between old-age care and housing wealth was found to serve as an informal equity-release scheme which in Slovenia helps bridge the post-transitional old-age gap, the syndrome of low pensions, underdeveloped care services and owner-occupied housing un-adapted to seniors. Moreover, it is hypothesised that this structural gap is common to other post-transitional countries. (Publisher abstract)
Projections of owner-occupation rates, house values, income and financial assets among older people, UK, 2002-2022
- Authors:
- HANCOCK Ruth, et al
- Publisher:
- Personal Social Services Research Unit
- Publication year:
- 2006
- Pagination:
- 11p.
- Place of publication:
- Canterbury
This paper contains projections of owner-occupation rates, house values, income and financial assets among people aged 85+ in the UK covering the period 2002 to 2022. The projections have been produced by the microsimulation model CARESIM. CARESIM is a model which simulates the amounts that current and future older people would be required to pay towards residential or home care, should they need that care, under different charging regimes. The projections presented here are produced as an input to those simulations. CARESIM uses a sample of people aged 65 years and over drawn from the Family Resources Survey and projections involve ageing this sample. The sample is not ‘refreshed’ i.e. people under the age of 65 in the base year (2002) are not brought into the sample as they reach 65. By 2022, therefore, CARESIM projections apply only to those aged 85 and over. For this reason results for 2022 are given only for those aged 85 and over. Results for years between 2002 and 2022 are shown only for those age groups for which CARESIM projections apply.
Preserved rights grant and residential allowance grant 2005/06
- Author:
- GREAT BRITAIN. Department of Health
- Publisher:
- Great Britain. Department of Health
- Publication year:
- 2005
- Pagination:
- 16p.
- Place of publication:
- London
The purpose of this circular is to inform Chief Executives of the ammount of the Preserved Rights grant and the Residential Allowance grant for 2005/06. The grant was introduced in 2002/2003, to assist local councils in discharging their new responsibilities for meeting the costs of residential care for people with preserved rights. Before the 1st April 1993, people in residential care had received a higher rate of income support in recognition of charges for such accommodation.
Preserved rights grant 2004/05
- Author:
- GREAT BRITAIN. Department of Health
- Publisher:
- Great Britain. Department of Health
- Publication year:
- 2004
- Pagination:
- 7p.
- Place of publication:
- London
The preserved rights grant was introduced in 2002-03 to assist local councils in discharging their new responsibilities for meeting the costs of residential care for people with preserved rights. Annex A of this circular shows the individual allocations for 2004-05.
The balance of benefit: a review of intergenerational transfers in Australia
- Authors:
- LEGGE Varoe, O'LOUGHLIN Kate
- Journal article citation:
- Gerontologist, 40(5), October 2000, pp.605-611.
- Publisher:
- Oxford University Press
This article reviews the financial and non-financial transfers taking place intergenerationally and between older people and the community. Within the public arena, governments provide major financial contributions through money transfers and the provisions of residential support. Older people provide considerable community support by undertaking voluntary services. This article concludes that the balance of benefit is reversed. Older people are major monetary contributions to adult children and their families in the transition to an independent status. Older people are also the principal carers of their frail-aged partners, thus reducing both the burden of care on their adult children and government institutions.
Welfare rights: navigating through the maze of home funding
- Author:
- BATEMAN Neil
- Journal article citation:
- Community Care, 21.1.99, 1999, p.27.
- Publisher:
- Reed Business Information
Explains how, by using a loophole in the system, clients may be able to use state benefit to help fund their residential care.
Age file '93
- Authors:
- ROLFE Susan, MACKINTOSH Sheila, LEATHER Philip
- Publisher:
- Anchor Housing Trust
- Publication year:
- 1993
- Pagination:
- 67p.,maps,tables.
- Place of publication:
- Oxford
Facts and figures on older people in the United Kingdom.
Personal asset protection guarantee
- Author:
- LAING William
- Publisher:
- LaingBuisson
- Publication year:
- 2017
- Pagination:
- 28
- Place of publication:
- London
This discussion paper puts forward the Personal Asset Protection Guarantee (PAPG) as an alternative to the threshold and cap for sharing residential care costs between individuals and the state. As a starting point, some equity and efficiency downsides of the Dilnot solution are identified: geographically inequitable distribution of benefits; ‘pay or shift’ threat to the stability of the care home sector, especially in less affluent areas of England; and the complexity and cost of administering the lifetime care cost cap. It then proposes PAPGs as an alternative that would be more equitable and efficient, whilst achieving the same policy objectives as a combination of asset threshold extension and lifetime care cost cap. The PAPG would offer an initial assessment for individuals in need of residential care. Their eligibility for council-funded support would then be calculated in terms of the percentage of the individual's assets that has been spent down since the initial assessment. It estimates that the scheme would be guaranteed to keep approximately three-quarters of their personal assets. (Edited publisher abstract)
Will the cap fit? What the government should consider doing before introducing a cap on social care costs
- Authors:
- BARNFIELD Jerry, et al
- Publishers:
- Independent Age, Institute and Faculty of Actuaries
- Publication year:
- 2017
- Pagination:
- 49
- Place of publication:
- London
This report looks at the impact that different approaches to introducing a cap on care costs could have on the amount older people would have to pay for their care, and on cumulative care costs. It argues that, if set at the right amount, a cap on care costs could bring clarity to the care and support system, help families to plan for later life and be clear about their own responsibilities to save and pay for care. The report models three different levels of cap: a £35,000 cap, based on the Dilnot Report; a £72,000 cap, contained in the Care Act; and the reports recommended all-inclusive £100,000 cap that includes the local authority rate, daily living costs and 'excess' top-up fees based on average care costs. It also applies these three models across different means-test thresholds and capital limits: the current £23,250 upper capital limit for state-funded care; the £118,000 upper capital limit in the Care Act; and a capital limit of £100,000 as proposed in the Conservative Party’s 2017 General Election manifesto. The research found that the government’s proposed lifetime cap on care costs for adults in England would not protect the majority of service users. The report argues that any cap should be set at a level that means people with high care needs would have a reasonable prospect of benefiting. It recommends that that the government reset the cap to an all-inclusive £100,000, including accommodation costs. (Edited publisher abstract)
Staying afloat in a perfect storm: a comprehensive review of revenue trading performance of the third sector NCF membership
- Author:
- CARTERWOOD
- Publisher:
- Carterwood
- Publication year:
- 2015
- Pagination:
- 11
- Place of publication:
- Bristol
This benchmarking study looks at the revenue side of the profitability equation for care owners and operators. The survey utilised the following datasets: 20 NCF members; 272 care homes for older people varying in age, style and accommodation provision; and 11,984 residents. The provision of the new Care Act, combined with the anticipated impact of the forthcoming National Living Wage, have massive implications for the future revenues and costs of care home owners and operators. The study found that NCF average rates across the survey are between 6.2 and 10.7 per cent higher compared to LaingBuisson average fees rates for personal care and nursing care, respectively and that there is evidence of a small premium being achieved for dementia in a personal care setting. London and the South East are the strongest performers whilst the South West lags behind. Occupancy is in accordance with LaingBuisson’s independent sector average rates at 91 per cent of registered capacity. The study also shows that there is a direct relationship, albeit not as strong as expected, between the class of the underlying NCF asset (environment and facilities provided) and all the key revenue drivers. The quality of assets in this survey is superior to the LaingBuisson average, and is associated to the prioritisation given to innovation and improving accommodation over the past decade. (Edited publisher abstract)