Will I pay more for Aged Care?
Changes to aged care fees are coming, and they will impact both home care and residential care. After a long wait and lots of speculation, the government has released details of the proposed changes.
What worries you about Aged Care?
If you are worried about the need to access aged care, you are not alone. When the time comes it can be daunting, with a lot of new information to take in and many decisions to make. The responsibility to make the right decision for yourself, or a loved one, may weigh heavily on your mind.
To sell or not to sell is the question for moving into aged care
Moving into residential aged care can trigger a range of emotions, particularly if it involves the sale of the family home.
What is often a major financial asset, is also one that many people believe should be either kept in the family or its value preserved for future generations.
What does the budget mean for Aged Care?
This year’s Federal Budget focussed on the rising costs of living and how to help Australians manage. Before the Budget there was speculation that we would see changes for aged care funding and fees, but what made it into the Budget?
Why Aged Care advice is so important
Many people think they can’t afford to get aged care advice, but the reality is you probably can’t afford not to get advice.
RADs, DAPs, MPIRs, MTAs and ACATs !! These are just a few of the acronyms you will face when navigating aged care decisions.
Is a Retirement Village a better option than Aged Care?
Retirement villages and residential aged care facilities offer different lifestyles and services, and they aren't direct substitutes for each other.
In the following article, our Aged Care Specialist Leandro Bonin explores this important subject further, providing insights to help you start planning ahead and achieve your objectives.
Getting your RAD back
Money you pay as a lump sum for your residential aged care room will be refunded to your estate – so what do you need to know about when and how your money is refunded.
What type of Home Care funding do you have?
It might sound like alphabet soup, but the CHSP and HCP are two Home Care programs funded by the government. CHSP stands for the Commonwealth Home Support Program and HCP is the Home Care Package Program.
An easy guide to aged care fees
Confused about aged care fees and what it all means? You are not alone. In this article we simplify the basics of aged care fees for you.
If you, or someone you love, need to make a move into residential aged care, understanding the fees and getting a clear picture of what it will cost is not easy.
Three aged care mistakes you should avoid
Moving into residential aged care can be a stressful period with complicated rules, family conflicts and rushed timeframes. This can easily lead to mistakes, which can be costly and difficult to rectify. This article highlights three common mistakes and tips to avoid the traps.
Five adjustments if your spouse moves to care
Life is filled with changes. But with preparation and good advice, you may be able to manage the changes more effectively to minimise the stress.
Watching your spouse’s health decline can be difficult and stressful. And if this decline results in a move to aged care, you will both be faced with a lot of changes.
Aged Care challenges in the home
Aging at home with government-subsidised funding is made possible through the Home Care Packages program.
However, a crackdown on what the funds can be used for and a shortage of support workers, can make it challenging to understand the funding available.
Take your 28 days to decide
How you choose to pay for your room in aged care is an important decision, and with large dollars involved, it is one that should not be rushed. Know your rights and take time to get advice.
Star ratings for Aged Care help make family choices easier
Moving into aged care can be a challenging time, both for those making the move and families supporting their loved ones. It's understandable that everyone wants to find the most suitable accommodation and the appropriate standard of care, however, it can be confusing to make that choice.
What’s the DAP from RAD?
Lots of rules and lots of jargon makes understanding aged care even more complicated. This article demystifies one of the more common strategies of DAP from RAD.
Understanding aged care can be complicated enough, without needing to decipher all the jargon and acronyms. An example is the “DAP from RAD” strategy, which can be confusing if you don’t understand what all the letters mean.
Buy or rent your room in Aged Care
Think you can’t afford aged care? Advice on your options can help to understand what is affordable and how to best structure your finances.
When you move into residential aged care, the room price might be quoted as a lump sum, but you will have the choice to pay for your room as a lump sum or a daily fee or a combination.
Do you have an Aged Care plan in place?
We plan ahead for many aspects of our lives, but few people plan for future aged care needs. Now is the time to change that trend.
The truth is, most of us avoid thinking about our own future aged care needs, delaying our decisions until perhaps they’re taken out of our hands.
Do you need a means-test assessment?
When moving into aged care you may be asked to disclose your financial details so that a means-tested fee can be calculated. But do you need to disclose?
Higher interest rates may not be bad news if you’re entering Aged Care
It all depends whether you’re paying the published price or going in as a low-means resident.
Rising interest rates are good news if you want to invest in cash and fixed-interest investments, and not so great if you are borrowing money. But are rising interest rates good or bad if you are moving into aged care?
Guide to aged care at home
As we get older, most of us want to remain independent and in our own home for as long as possible, but this can be challenging without some help with household tasks and personal care.