A Financial Guide to Elderly Care ; Money Mail: Free Guide

Summary

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EVERY YEAR, elderly people who worked hard all their lives so they would be secure in their retirement are forced to sell their property to meet care home fees. It's a growing problem, and one that many families will face -- over the past five years, 350,000 Britons have had to sell up to pay fees. Currently it costs about [pounds]33,696 a year for nursing care (and can easily top [pounds]50,000 in expensive parts of the country). It's not surprising that many have to sell the family home to pay for fees. But this shouldn't always be the case.

The new Daily Mail Guide To Paying For Long Term Care, written by Money Mail deputy editor Charlotte Beugge, helps you through the funding maze which can trap families and their elderly relatives just when they're at their most vulnerable. Making the decision to go into residential or nursing care -- or helping an elderly relative make that move -- is not one to be taken lightly. But you can get help. If your elderly relative needs to go into nursing care because they are just too ill to live on their own, then the NHS should pay their nursing home fees. However, they will need to go through an assessment with the local health authority first. Many are turned down -- because unless the health authority deems that your relative needs 24-hour nursing care (rather than just help with day-to-day living) then it won't pay.

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A Financial Guide to Elderly Care ; Money Mail: Free Guide

Age Concern estimates there are more than 5,500 elderly people who are payi...

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