The chief executive of Care England, Professor Martin Green, and Busy Bees founder John Woodward explain how they envisage people using Adult Social Care Vouchers to fund their care in an exclusive new video.
The initiative is based on the successful Childcare Voucher Scheme, which was developed by Busy Bees in the late 1990s to allow eligible tax payers to sacrifice a capped portion of their salary to pay for childcare.
The proposed solution for adult social care would allow for vouchers to be accrued, if required, and used towards either a dependent relative’s social care and/or the participants own care, when the need arises.
Additionally, the scheme should allow for multiple tax payers to contribute to a single person’s social care, further boosting the funding available for a family with care requirements.
The Adult Social Care Vouchers scheme has been put forward by Busy Bees co-founder and president John Woodward, OBE, who is currently in talks with Cabinet and the Treasury regarding its viability.
Care England, the largest representative body for independent providers of adult social care, announced in January that it was supporting the scheme, which comes from a growing need to bridge the gap between the social care funds provided by the state and what is required by those who need it most.
The current state funding in care is £490.00 per week per adult, but the actual cost to provide a basic level of care is estimated to be in excess of £600.00 per week, per adult. To cover the difference, private self-funded patient costs are being inflated, effectively meaning privately funded adults are paying an additional tax on their own care to accommodate for the gap in state funding for others.
The proposal being put forward is to help narrow this gap, and to increase the amount of funds available.
England and Busy Bees both share a passion for crafting solutions to the
long-term funding of social care and agree on the need for societal solutions
in order to bring about change.