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Scots cash will lower LTC rates

The Scottish Executive will pay for both personal and nursing care, with people living in care homes getting up to £155 a week towards costs.

Product providers say the move will not end the need for long-term care insurance in Scotland but premiums will be more affordable.

Residents in care homes will get a flat rate of £65 a week towards nursing care and up to £90 a week for personal care. This is between £45 and £120 a week extra than in England.

Scottish Executive First Minister Henry McLeish announced proposals to fund both types of care in January and commissioned the care development group to look into feasibility of the plans. The group told the executive the plans are feasible.

Age Concern Financial Partnerships technical manager Chris Ellicott says: “There will be a lot more people who can afford insurance premiums.”

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