Below you'll find a list of all posts that have been categorized as “Nursing home”
Making the decision to move a loved one into residential aged care is never easy. Alongside the emotional weight, there are practical, financial and logistical considerations that can feel overwhelming. As an aged care financial planner based in Melbourne, I work with families every day to help them navigate this process. There are some beautiful, well run facilities in Melbourne, …
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 …
The government have put together a good list of questions to ask when checking out aged care homes. These form a great starting point in addition to other questions you may have based on what is important to you and your family. You can view the checklist here: https://www.myagedcare.gov.au/sites/default/files/2019-04/questions-to-ask-aged-care-homes_0.pdf
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 …
