The path to aged care is not straight forward; making the best choice can often be complex as it is difficult to understand how the various options may affect you. Many people make poor choices and uninformed decisions about aged care because they have not had the opportunity to understand their options.
Do you need help now? Contact us for a fast tracked plan that can assist in defining your aged care needs and benefits including the various options available to you.
- There are several increasingly important factors to take into consideration when thinking about your need for aged care.
- The question is not if but when as 68% of women and 48% of men will live to an age where they require some level of aged care in their remaining lifetime.
- Currently 80% of care is provided by informal carers such as family or friends but changing workforce attitudes will mean that this option will become less available.
- Early preparation is the key, as even under ideal circumstances, waiting lists for assessments and placement can take months.
- Planning ahead can minimise the emotional fallout that can arise from tension between various family members.
Some questions you may want to ask yourself when considering what aged care planning could mean for you or your loved ones:
- What sort of aged care facility might you want if it became necessary?
- What level of care do you need and how likely is it that your needs will grow in the future?
- What are the steps to moving into residential aged care?
- How can you minimise any family tensions that often arise over aged care?
- How might these decisions impact your immediate family such as your spouse or children?
- How would you pay for aged care?
- How much do you understand about the payment system for aged care?
- How can you optimise your eligibility to qualify for government subsidy?
What impact would selling the family home have for you? - Is this an option or might renting it be more appropriate?
- How can the complex aged care payment system be structured to benefit you?
- How can you obtain the information you need to make an informed decision about your aged care needs?
Answers to Common Questions
We offer many services that can assist in decision making regarding aged care. As each person has different needs and objectives for aged care, finding out what you need help with can be just as important as the final decisions you make. We have a number of brochures that you may be interested in reading before making any plans. The aim of these brochures is to answer the most common questions about the aged care system.
Planning for Aged Care
NEED TO MOVE TO RESIDENTIAL AGED CARE?
This can be a stressful time, but early planning and good advice can minimise the stress for you and your family.
You will be faced with many personal and financial decisions. This flyer steps out seven steps to help you to navigate through the aged care maze and where to get help.
What are Your Choices?
CHOOSING WHERE TO LIVE AS YOUR CARE NEEDS CHANGE
Your living arrangements may need to change as you age. You may need a lower maintenance home, more help to stay in your home, or care provided in a residential service.
These decisions should not be rushed. So plan ahead to give yourself time to make the best decision. In this guide we help you consider your range of choices.
Covering the costs of aged care
YOUR QUESTIONS ANSWERED
The cost of residential aged care can be complex and difficult to understand. Navigating through the options and the best way to structure your finances to pay for your care may not be easy. This guide explains the fees and the choices you have available. It also highlights the benefit of good advice to evaluate the range of financial strategies in the search for your best solution.
Refundable Accommodation Deposits (RADs) explained
YOUR QUESTIONS ANSWERED
For many people entering residential aged care, the issue of lump sum RADs raises the most concern. In this guide, we answer your questions about RADs to help you to make well-informed decisions about your future.
Working with your adviser
CREATING EFFECTIVE SOLUTIONS FOR AGED CARE
Preparing the way for yourself or a loved one to enter residential aged care can be a difficult and stressful task. But you don’t have to have it alone. Your adviser can guide you through the process, providing advice and support to create effective solutions for your family.
This guide highlights the role of your adviser and the value of professional advice.
Understanding your aged care options can be confusing, but knowing what your choices are will help you to make an informed decision.
If you need guidance to navigate the complex aged care system, contact us. Our first meeting is without charge or obligation on your part.