Good morning. The green paper on funding social care provision should be out shortly. What has been trailed in the press is that a figure of £12,000 per person will be proposed as an insurance payment against requiring full-time social care in old age, which will replace the current asset threshold of £23,500 before social care can be provided free (not to mention the eligibility criteria threshold lottery, which makes postcode prescribing look like a minor squabble).
The £12,000 may be paid up-front in lump; in stages; or deducted from any estate remaining after death.