The average price of care plans to provide £1k pcm
income increasing by 5% per annum is £46,755
The average age of individuals taking care plans is
88.07 years. 87.5% were women
53.41% live in Residential Care Homes, 44.32% live in
nursing homes and 2.27% were using the plans for home
care
Assuming recipients are in receipt of higher rate
attendance allowance and retirement pension average care
home fees were Residential or home care, £344 per
week, (£17,888 pa), Nursing (assuming the middle band
of NHS nursing care contribution) £517 per week
£26,884 pa)
ADL failures and health – 58% of cases had mental
impairment whilst 31% had suffered a stroke. Th-ose needing
total or considerable help with ADLs were:
The average required extra income older people need to
pay for care is £1138 per month for all care,
£977 per month for residential, £1367 per month
for nursing care and £1236 per month for home
care.
Source NHFA
Hannover Re Group
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