One in four in LTC runs out of cash every year

KRS, which offers a care fee planning service, says one in four of the estimated 345,000 people paying for private care in fall back on the state each year when their funding runs dry. The switch from private to government-funded care can present a dramatic reduction in service standards, the advice firm said. KRS' survey of 1,108 people suggested only one in five could afford the £35,000 cap on individual contributions to care costs proposed by the Dilnot report. Dean Mirfin, group director at KRS said: "Elderly people want wherever possible to remain in their own homes when they ...