Published by Danail Vasilev on 13 March 2017
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William Mosseri-Marlio, Research Manager at Reform, wrote an article in Civil Service World arguing that deferred payment agreements can make an immediate difference to the current social care crisis. This follows the publication of Reform‘s report, Funding social care: the role of deferred payment agreements.
An estimated 63,000 people will be responsible for privately funding their residential care this year. Many people can only cover their fees by selling their houses upfront. The deferred payment scheme (where local authorities cover the care home fees of a participant in exchange for a claim on their housing wealth, which is typically realised after death) could offer a solution to this if its scope was widened.
“Social care is the one policy area where the prime minister has admitted her government’s thinking is inadequate. A better deferred payment scheme can make an immediate difference.”
Read the full article here.