Reports today from the care homes sector show how the economic situation is having an impact on the care homes industry. Southern Cross has reported it is experiencing reduced bed occupancy rates as councils cut costs and keep more residents in their own homes for as long as possible.
Responding to the reports Alex Edmans, of the Saga Care Funding Advice Service said:
“We know that local authorities are under great pressure to cut costs and these reports indicate that budgets for elderly residential care may not be protected. We urge councils to prioritise the needs of older people and to develop ways of ensuring high standards of care for elderly people in their populations.
“Finding the best way to manage personal finances and choose the right option when the time comes to seek help with every-day living, is more important than ever. When people who are self-funding decide to make the move to residential care they want to be confident that they will not be forced to move again because of financial difficulties. They should always seek specialist financial advice”.
Notes to editors
Saga Care Funding Advice Service
The Saga Care Funding Advice Service has a team of independent financial advisors who specialise in providing care funding advice, the service is provided by Saga Personal Finance Limited.. They can help to consider the options available to pay for care and assist you in minimising the impact of long-term care fees.
Saga’s care funding advice provides:
· No obligation advice from Saga’s specialist care funding advisers
· Impartial recommendations that consider all the options available
· All the support and information needed to help customers make the right care funding decision
For more information please contact the Saga Press Office on 01303 771529