Navigating the aged care maze can be daunting and complicated. In many cases a parent, loved one or friend needs to enter aged care suddenly and often without warning. This leaves people – who are in most cases highly emotional and stressed – with several big decisions to make, many of which relate to finances and appropriate accommodation choices.
It is essential for you to seek good professional advice as each case is different. Failure to make informed choices could lead to the loss of thousands of dollars in entitlements and, occasionally, the complete loss of pension income. It could also lead you to being placed in a residential care facility that is not of your choice.
Demand for aged care services in Australia is skyrocketing. The 2016-17 Report on the Operation of the Aged Care Act 1997 shows the ageing population and the increasing number of people with dementia are two main factors contributing to this demand.
In addition, in the 8th May 2018 recent government budget announcements from 1 July 2019 an additional 14,000 new Home Care packages will be released over the next 4 years and funding for 13,500 new residential care places were announced.
To help you navigate the aged care maze, we put together this free guide. Our aim is to help you navigate the aged care financial journey with clarity, and our free guide is designed to answer some of the most common questions.
If you would like more specific advice, please call us on 08 8203 4800 to speak to one of our accredited aged care advisors, or alternatively, contact us via our online form.