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Can you Afford £17,000 - £20,000? Compulsory Insurance for All

The Government plans to deal with the rising cost of care home funding, by introducing a compulsory insurance for all.

FOR IMMEDIATE RELEASE

PRLog (Press Release) - Aug 24, 2009 -
On 13th July 2009 Health Secretary, Andy Burnham, launched the Government's consultation for dealing with the rising cost of care home funding and the post code lottery that exists in terms of support and benefits. With the over 80's being the fastest growing demographic within our Country, this is a problem that is not going away.

The Government have made three proposals, the most controversial of which is compulsory insurance for all costing between £17,000 - £20,000 per person. The other two options are a partnership approach with a quarter of funding being paid by the state and a voluntary insurance scheme with the state paying a quarter but higher premiums of £20,000 - £25,000 per person.

The consultation ends in November with a white paper setting out the results and conclusions due early next year so watch this space.

http://www.harveyingram.com/

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Harvey Ingram solicitors is one of the leading law firms in the Midlands with offices in Leicester, Birmingham and Milton Keynes.We provide a comprehensive range of services to companies and private individuals alike.

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Contact Email:
***@harveyingram.com Email Verified
Source:Harvey Ingram LLP
Phone:0116 254 5454
Fax:0116 255 4559
Address:20 New Walk, Leicester, LE1 6TX
Zip:LE1 6TX
State/Province:Leicestershire
Country:United Kingdom
Industry:Legal, Lifestyle, Family
Last Updated:Aug 24, 2009
Shortcut:http://prlog.org/10319441
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