Resources, links and articles to help you navigate aged care

Do I Need To Sell The Family Home To Go Into Aged Care?

Each person has their own circumstances, you may be in a position where you are weighing up if you need to sell the family home to afford aged care costs, specifically the RAD. With so many variables and a lot to consider, there is no simple answer, however providing specific financial advice for aged care is what we do.  What …


8 Tips to Transition a Loved One Into Aged Care in Melbourne

Moving your loved ones into aged care Melbourne will never be easy. They have reared you from day one to the day you finally learned to look after yourself. No matter how much you’d like to shoulder the responsibility of taking care of them, it simply isn’t feasible given your own job and your own family to attend to.Sometimes, however, …


How Aged Care Consultants in Melbourne Improve Your Quality of Life

Ageing takes a toll on all of us. There will be a time when we all have to sit back, relax, and receive the care that we need as elders. You might not need it now, but how about your aging loved ones? Can you manage all their care needs? Do you know how aged care consultants in Melbourne can improve …


Refundable Accommodation Deposits – To Help or Not To Help?

Navigating aged care can certainly be a complex process of juggling both finances and delicate emotions. And one of the biggest hurdles to face is coming up with the required Refundable Accommodation Deposit (RAD) to enter an aged care facility. More often than not, an elderly person seeking care is required to sell the family home in order to pay …


How Short Term Restorative Care Can Help You To Remain Independent

Maintain your own independence for as long as possible At Aged Care Specialists Vic, we understand how important it is to maintain your own independence for as long as possible. To keep you living happily and safely within your own home. Which is why we love being able to demystify aged care, and all of your retirement planning. We know …


Market Price Vs Low Means – Do you really know which you are?

Be aware of the benefits and disadvantages of being assessed as ‘low-means’ or Market price eligible When it comes to residential aged care in Melbourne, you’re generally put into one of two main categories when it comes to what you need to pay for your care – ‘market price’ or ‘low means’. If you’re assessed as being capable of paying …


The Power Of Choice When It Comes To Aged Care

What You Should Know Before Choosing Aged Care Facilities For Yourself Or Your loved ones Choosing an aged care facility for your loved one can be incredibly daunting. You need to know that your parent or family member will be both happy and well cared for. And while once upon a time that might have seemed like a given – …


Investing In The Right Advice Upfront Can Save You Thousands

How An Aged Care Financial Specialist Can Guide You Through A Seamless Transition Into Aged Care When it’s time for a parent or loved one to go into aged care in Melbourne, or if you’re planning for your future yourself, it can be incredibly daunting and stressful. Not only do you have to look after the emotional side of things …


Explaining nursing home costs. Understand the upfront and ongoing charges

Nursing home costs (or Aged Care Facilities as they are now called) are made up of the following components: • Accommodation Cost• Basic daily fee• Means tested care fee• Extra service or Additional service fee. The accommodation cost is determined after completing an income and assets assessment with the “Department of Human Services” or “Department of Veteran Affairs”. A resident will be …


What is the Refundable Accommodation Deposit and how is it paid? (previously known as an Accommodation Bond)

The Refundable Accommodation Deposit (RAD) explained The Refundable Accommodation Deposit (RAD) forms part of the nursing home costs (there are four different costs involved – the RAD, the basic daily fee, the means tested care fee and the extra or additional service fee). The Refundable Accommodation Deposit (RAD) is an upfront deposit that covers ‘rent’ of your room for as long …


Income and assets assessment for aged care home costs in Australia

Watch this video on income and assets assessment for aged care home costs in Australia:

Aged Care useful links

Aged Care Pricing Commissioner – The Australian Government Deptment of Health – The Australian Government Department of Human Services – The Property Council of Australia – Leading Age Services Australia – Aged and Community Services Australia – The Retirement Living Council – Aged Care Online – My Aged Care – Milllennium Placement …

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