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Care home fees
Due to our ageing population, care home fees are an issue for increasing number of people. Today, men aged 65 have a 70% chance of needing some care whilst for women aged 65, the figure is almost 90%. The situation is likely to get worse. People are living longer, but not necessarily healthier lives, and living with conditions such as arthritis, the effects of a stroke or dementia.
On average, a 65-year-old can expect to need ‘care’ costing £30,000 during retirement, although 5% will need care that costs more than £100,000.
‘Care’ does not include accommodation costs and so these government figures can effectively be doubled. For a couple, these figures can potentially be doubled again if they both require care.
We can help you to plan for care service requirements with advice and guidance on the assessment process.