This bill creates a government-backed insurance scheme allowing homeowners to protect their homes from being sold to pay for elderly care costs. Policyholders pay a one-time premium and receive coverage up to their home's value.
A Bill to establish a publicly owned body to provide insurance for home owners at cost against selling their homes to pay for elderly social care; and for connected purposes
Status: In Progress
Current House: Commons
Stage: 2nd reading
Sponsored by: Lord Lilley, Greg Smith
Introduced: 2021-05-24