Proposals have been presented before the National Assembly for Wales which would enable people to keep more of their money when in residential care.
The Welsh Government’s five year plan, 'Taking Wales Forward', committed to more than doubling the capital limit used in charging for residential social care, from £24,000 to £50,000. If the regulations presented are passed by the Assembly, the limit will move to £30,000 from 10th April this year – increasing in phases up to £50,000 thereafter.
Minister for Social Services and Public Health, Rebecca Evans, is today encouraging individuals who may benefit from the change, or their families, to contact their local authority.
Rebecca Evans said:
“People who need residential care and who have capital over a certain amount are required to use this to pay for the full cost of their stay.
“This Government is committed to supporting older people, and those requiring care, which is why our five year plan 'Taking Wales Forward', pledged to significantly increase this capital limit. This frees up more of people’s money for them to use as they wish.
“From 10th April people who require residential care and have capital up to the new amount of £30,000, will not have to use this to pay for their care. Instead their local authority will be responsible for funding their care, only charging a contribution based on a person’s available income.
“As people who pay for the full cost of their residential care usually have private arrangements in place with their care home, local authorities will often be unaware of how much capital individuals have. I am therefore encouraging anybody who thinks they, or a family member, may benefit from the change to contact their local authority.
“People do not need to wait until the 10th April to do this. Individuals can contact their local authority now, to check whether they might benefit and prepare everything ready for the change in April.”