Like everything else these days, the cost of private care for the elderly is increasing and not surprisingly, is affected by the area in which you live.
The cost of private care homes with nursing around the Tunbridge Wells area for example is much higher than the national average of £570 per week.
According to government forecasts there will be a 50% increase in over-65's in the next 30 years, with an incredible 300% increase expected in those aged over 85.
Not surprisingly therefore, SAGA predict the average cost, to stay in a care home, will double by 2028.
This increasingly aging population will place further pressure on existing facilities and must therefore result in more care homes being developed and increasing numbers of domiciliary care providers, hopefully providing improved options for everyone.
Of course growing old is something that should be welcomed, not feared and planning properly in advance for old age should mean peace of mind, not only for the individuals directly concerned, but for the rest of their family.
But many people regard such forward planning as a daunting task and so put it off for as long as possible, not realising that help is available to them in the form of specialist advice from a suitably qualified independent financial adviser.
Planning for old age is not something anyone has to tackle alone and everyone is different.
An independent adviser can talk to you and your family about your general requirements and the specific support that is available.
These discussions can help identify what options are available to you in terms of:
Therefore, getting the right advice and assistance now can help you to make decisions that mean facing old age with confidence, not fear.
The cost of private care homes with nursing around the Tunbridge Wells area for example is much higher than the national average of £570 per week.
According to government forecasts there will be a 50% increase in over-65's in the next 30 years, with an incredible 300% increase expected in those aged over 85.
Not surprisingly therefore, SAGA predict the average cost, to stay in a care home, will double by 2028.
This increasingly aging population will place further pressure on existing facilities and must therefore result in more care homes being developed and increasing numbers of domiciliary care providers, hopefully providing improved options for everyone.
Of course growing old is something that should be welcomed, not feared and planning properly in advance for old age should mean peace of mind, not only for the individuals directly concerned, but for the rest of their family.
But many people regard such forward planning as a daunting task and so put it off for as long as possible, not realising that help is available to them in the form of specialist advice from a suitably qualified independent financial adviser.
Planning for old age is not something anyone has to tackle alone and everyone is different.
An independent adviser can talk to you and your family about your general requirements and the specific support that is available.
These discussions can help identify what options are available to you in terms of:
- Care assessment
- Local Authority assistance
- State benefits
- Care home options
- Care at home / domiciliary care
Therefore, getting the right advice and assistance now can help you to make decisions that mean facing old age with confidence, not fear.
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