Money Box Live: Your Care Cost Questions Answered

Money Box

BBC

Business

4.2 • 804 Ratings

🗓️ 5 March 2025

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Paying for care in later life is something many of us will face. Unlike other NHS services, social care is not free at the point of use, the average annual care home cost is £60,000, if additional care is needed that price will go up.

After a recent special Money Box Live from Grange Care Residential Home in Sheffield we received so many questions that we simply couldn't get through them all on air, so we've raided the inbox and brought in the experts to return to the topic to answer as many was we can.

From how to plan to pay for care, what your money pays for, and how to challenge fees, Felicity Hannah, is joined by Tish Hanifan, the Founder of the Society of Later Life Advisors and Vic Rayner, CEO of the National Care Forum and Chair of the Care Providers Alliance.

Presenter: Felicity Hannah Producer: Catherine Lund/Sarah Rogers Editor: Sarah Rogers

(This programme was first broadcast at 3pm on Wednesday the 5th of February, 2025).

Transcript

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0:00.0	On Radio 4, the more you listen, the more you see.
0:04.7	Hello, I'm Brian Cox.
0:05.7	And I'm Robin Ince, and this is The Infinite Monkey Cage.
0:08.4	In this series, we're going to have a planet off.
0:10.9	I feel like Jupiter wins.
0:12.9	And after all of that, we're just going to chill out a bit.
0:16.0	We're talking about your bog standard.
0:17.9	Ice, not the fancy one.
0:20.2	Science with funny bits.
0:22.0	The new series of The Infinite Monkey Cage.
0:24.2	Listen on Radio 4 and BBC Sounds.
0:29.2	BBC Sounds, music, radio podcasts.
0:32.8	Hello, today on the Moneybox Live podcast, we're talking about the cost of care homes.
0:37.8	Eagle-eared listeners might remember that at the start of the year, we broadcast a special program from a residential care home in Sheffield.
0:44.9	Now, during that, our inbox was red hot. We had a huge response, and our plan today is simply to answer as many of your questions as possible.
0:54.2	Before we meet our experts today, let's just have a reminder of some of the issues that came up
0:58.9	while we were hosted by the Grange Crescent Residential Care Home, starting with some of the people who live there.
1:04.9	Yeah, we'll like to do quizzes regularly, don't we?
1:06.9	And board games.
1:08.1	John, who's willing at Dominoes?
1:09.6	Me. Now, I heard from Carol earlier that you cheat
1:12.5	because you can see her dominoes reflected in her glasses.
	...

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