Care Advice GUIDE

How are you helping your clients in later life?

As we seem to hear almost every day in the news, Social Care in the UK is in a funding crisis. There is a great need for regulated, qualified advice at a time when clients and their relatives may find themselves in a distressing situation – care is not an easy subject, especially when worrying about how to fund it. You could help solve some of the most difficult financial issues faced by your older clients.

The market for self-funded care is huge, and getting bigger every year.

Did you know?

  • In 2015 nearly £10.3 billion was spent paying for individuals’ care needs.

  • According to the Local Government Information Unit (LGIU) report in 2013, 24% of people paying for care in a residential setting fall back on state support - and they are unlikely to continue funding at the same rate.

What does this mean for you?

  • We estimate that only around 7% of people entering a residential setting on a self-funded basis take financial advice for their care funding.

  • In 2015 there were 212,170 people in a residential care setting who were fully self-funding or topping up their care costs. Worryingly we estimate that only around 7% of people entering a residential setting on a self-funded basis take financial advice for their care funding. Qualified advisers really can make a difference and bring peace of mind to the 197,000 people who don’t get financial advice when arranging care funding. 

At Just, we believe advising clients on their long-term care options can be both manageable and rewarding. We’d like to see advisers assisting more people in later life. To help, our support includes:

 

Take a look at our Later Life Care Advice Guide

Our handy guide can support you through the process of advising clients on adult social care. It has lots of valuable information in an easily digestible format. It includes: 

- A handy table of local authority thresholds and benefit rates for 2017/18 – all in one place. 
Read it now >

 
- A best practice guide to establish legal and mental capacity along with useful tips on where to find further information from the correct authorities.
Legal and mental capacity


- A comprehensive overview of the care options available to your clients and the potential costs.
Types of care >


- Our guide gives you an overview of the costs and options for funding care, including Local Authority Support, NHS Continuing Healthcare (CHC), Department of Work and Pensions (DWP) Welfare Benefits and Sources of Care Funding – Privately Funding Care.
Sources of care funding >