Money Box Live broadcasts from Grange Crescent Residential Care Home in Sheffield for a special programme on the cost of care.

Unlike NHS services, social care is not free at the point of use. It costs an average of around £60,000 per year to live in a residential care home and considerably more if you need nursing care.

Last week the Department of Health and Social Care announced a new review into care costs, but the independent commission tasked with the job will not publish it's final report until 2028.

We'll be speaking to residents and family members about how they're paying their care bills and hearing from the care home manager about how it all works.

Joining Felicity Hannah is Claire Rintoul, CEO of the charity Sheffcare which operates Grange Crescent Residential Care Home as well as eight others in the city, Professor Vic Rayner, Chair of the Care Providers Alliance which represents independent and voluntary adult social care providers in England and from the Society of later life advisors, Independent Financial Advisor Jonathan Rowley.

Presenter: Felicity Hannah Producer: Sarah Rogers Production Coordinators: Emma Smith and Molly Pipe Editor: Jess Quayle

(This programme was first broadcast 3pm on Wednesday the 8th of January, 2025)