Below you'll find a list of all posts that have been categorized as “Aged Care”
Aged care ratings are quite new in the ever changing world of aged care. Understanding the quality of service provided by care facilities is so important when choosing care for a loved one. The Australian Government has implemented a Star Rating system, introduced in December 2022, to help individuals assess the performance of aged care homes. This system is a …
When the time comes for a loved one to enter aged care, the common thought is – we need to sell the house to afford it! This is certainly not always the case. Understanding Aged Care Accommodation Costs One of the key considerations when looking into aged care is the main cost of accommodation, typically referred to as the Refundable …
When it comes to aged care in Australia, there are a lot of rules and regulations governing the administration and one of the questions we are often asked around refunding the refundable accomodation deposit and to whom. This is especially relevant when family members are offering to pay the RAD on a residents behalf. The RAD can be anywhere from …
Navigating the world of aged care can be overwhelming, especially when it comes to means tested aged care fees. In this article, we’ll go through daily fees and means-tested care fees to provide clarity for those approaching or considering aged care. What are Daily Fees and Means-Tested Care Fees? The Basic Daily Fee Every resident of an aged care facility …
For many, there’s a true joy in gifting, an act that strengthens bonds and brings happiness to both receiver and giver. Yet, when you or a loved one is considering entering aged care, the financial implications and rules around gifting money or assets become important. Whether for altruistic reasons, estate planning, or simply wanting to help family members, understanding the …
As you start to navigate the realm of retirement and aged care, it’s crucial to make informed decisions about yours or a loved ones financial well-being. In this article, we wanted to explain in detail two terms that often arise in the context of aged care: RAD and DAP. RAD or Refundable Accommodation Deposit, and DAP or Daily Accommodation Payment, …
Overview: Home Care Packages support people wherever they call “Home”. They are designed to provide care for people within their home environment and keep them in the home instead of moving to full time care. As of 31 December 2022, 255,628 individuals were assigned a home care package. This is more than those currently in aged care homes. Eligibility: To …
Taking the step to obtain professional aged care advice is not taken lightly. Making the decision to transition to aged care can be a complex and emotional process for both individuals and their families. With an array of financial considerations and entitlements to navigate, seeking professional assistance from an experienced financial planner specialising in aged care can significantly ease the …
When it comes to planning for aged care, seeking guidance from an experienced aged care financial advisor is crucial. These professionals specialise in navigating the complexities of aged care and can help you make informed decisions. However, it’s essential to be aware of common mistakes that people often make during the financial planning process Not wanting to pay for professional …
As we or our loved ones age, the need for specialised care and support becomes increasingly important. In Australia, various aged care services are available to provide assistance tailored to individual needs. However, navigating the eligibility requirements and understanding the process can be complex. In this post, we will guide you through the steps to qualify for aged care services …
