The Coalition has remained tight-lipped on any long-term care funding plans in its mid-term review, despite reports that it is set to introduce a £75,000 care cap structure.
In the mid-term speech today David Cameron said the coalition was "taking big new steps on some of the hardest long-term issues", adding that long-term care cost caps would give people the certainty to plan.
According to reports in the Sunday Times, the government is set to propose a cap of £75,000, to the tune of a £700m bill, on care costs as a result of a deal struck between the Department of Health and the Treasury.
Today's review document foreword by Cameron and Clegg stated: "We will set out two big reforms to provide dignity in old age: an improved state pension that rewards saving, and more help with the costs of long-term care."
They added that announcements on these policy initiatives would be made in due course.
Jim Boyd, director of corporate affairs at Partnership, said: "Today's review strikes me that the government is not 100% clear on what to do about the care cost cap. You can read into it what you want but it could be that we hear about proposed caps in this consultation process or perhaps an announcement in the budget.
"If a £75,000 care cap was introduced it will only benefit a limited number of people. However, the introduction of certainty is hugely welcome because this is one of the major issues of our time."
Boyd added it had never been more important for people to seek qualified advice as consumers were likely confused about what care cost support they were entitled to.
