‘Is that enough?’ Martin Lewis grills minister on help for social care costs | Personal Finance | Finance
Hotel costs often exceed personal care costs as they include bills such as food, accommodation, and cleaning in a care home, which are expensive for people having to pay.
Additionally, Martin mentioned the many families in the UK that could be forced to sell their homes to pay for these care bills, despite the Government’s proposed £86,000 social care cap.
He said: “I can’t see how the many income poor, asset rich people in this country will will be able to fund up to £86,000 without it coming from their housing wealth.
“The deferred payment scheme will still mean people will have to sell their house once they die, but how can that actually work in practice?”