Below you'll find a list of all posts that have been categorized as “General”
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 – with recent (and quite horrific) reports of aged care facilities providing sub-standard care – it’s …
Transitioning a loved one to an aged care facility is not an easy move. However, in most cases, it is recommended from a doctor to provide them the care they require. Transitioning a loved one to aged care can be challenging for all family members involved and can lead to feelings of guilt, worry, and helplessness. Here are some tips …
Unsure where an aged care financial planner fits in your plans? When the time comes to put a loved one in to an aged care facility, you want the best outcome for your family. Do you know how aged care financial planners can benefit you? Do you want to get aged care financial advice? We understand how important it is for …
Navigating aged care and the costs associated can be a nightmare. One of the biggest hurdles to face is coming up with the required Refundable Accommodation Deposit (RAD). To enter an aged care facility, in most cases, a large sum is required. Families often want to pay their parent’s RAD to potentially prevent them having to sell the family home. And …
Nursing home costs (or aged care facilities as they are now known) are made up of the following components: accomodation costs, daily fee, care fee and extra fee/service fee. The accommodation cost is determined once an income and assets assessment is completed. This is arranged through either the Department of Human Services or Department of Veteran Affairs. A resident will be classified …
When it comes to aged care in Melbourne, there are two main categories when it comes to assessing the requirement to pay for care. These are ‘market price’ or ‘low means’. If assessed as having the means to pay market price, the resident is required to pay the market value for their aged care accommodation. This includes daily payments, lump sum or …
What is Short Term Restorative Care? Short Term Restorative Care (or STRC) is where you’re able to access a range of different services and support, for up to eight weeks, twice per 12-month period. Services include things like home maintenance, mobility aids or other equipment, health services such as physiotherapy and podiatry, daily assistance with cooking and cleaning, mental and emotional …
Investing in the right advice upfront can save you thousands. When it’s time for a parent or loved one to go into aged care in Melbourne, or if you’re planning for your own future, it can be incredibly daunting and stressful. It can be a real nightmare to figure out the logistical and financial side of aged care, let alone …
The Refundable Accommodation Deposit (RAD) explained The Refundable Accommodation Deposit (RAD) forms part of the nursing home (aged care) costs (there are four different parts 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 …
