Chapter 8- Long Term Care Flashcards
What nhs funded nursing care is available
Individuals assessed as needing care in a home are entitled to nursing care allowance which is non means tested and tax free
Who can claim attendance allowance
If pay for own care and need help with personal care and or supervision
Which act sets out need for councils to provide means tested help with. Care costs
Care act 2014
What is the personal expense allowance
£24.90
How is tariff income calculated for ltc support
Savings - lower threshold /250
What is tariff income in relation to LTC benefits
Amount expected to contribute to own care
What income/savings is excluded for me and testing for Ltc
Personal possessions
Surrender values of insurance bonds
In what circumstances is the home excluded from means testing for ltc
If partner, lone parent or relative who is over 60 or under 18 or incapacitated lives there
How could couples avoid value of home being taken into account
Change ownership to tenancy in common and bequeath share to children to benefit surviving spouse
What is deliberate deprivation
Transfer of assets to reduce capital which is illegal and would result in notional income being used anyway
What are the 4 different types of long term care plans
Immediate need plans
Future need
WOL option where part of SA paid early
Equity release
What are immediate need plans aka
Impaired life annuity
How do immediate need plans work
Single payment when need care in return for regular tax free payments to home
How are premiums paid for deferred care plans
Regularly or sometimes lump sum
Why are deferred care immediate need plans cheaper
Because benefit deferred if willing t pay own costs for a few months or years
