Working with a financial planner who specialises in aged care can be beneficial if you are finding the financial side of residential aged care confusing or overwhelming.
An aged care financial planner may be particularly useful for things such as:
Understanding All the Costs Involved in Residential Aged Care
Aged Care costs money, and how much money you will pay will depend on a variety of factors. In aged care, you many need to pay a variety of different fees depending on the sort of aged care services you are looking for.
Possible fees include:
- Daily Care Fees
- Refundable Accommodation Deposit (RAD) or Daily Accommodation Payment (DAP)
- Extra Service Fees
- Accommodation Fee
- Income Tested Fee
An aged care financial advisor will help you understand these fees and how much they will cost.
How to Fund the Costs
An aged care financial planner can also help you figure out how to fund the necessary costs of aged care.
If you are struggling over whether you should sell the family home or not, whether your loved one will have enough cash flow for day to day expenses, or help organising an estate than a financial planner may be useful.
Search for residential aged care in:
- Residential aged care in Melbourne
- Residential aged care in Sydney
- Residential aged care in Canberra
- Residential aged care in Brisbane
- Residential aged care in Adelaide
- Residential aged care in Perth
- Residential aged care in Hobart
Search for home care services in:
- Home care in Melbourne
- Home care in Sydney
- Home care in Canberra
- Home care in Brisbane
- Home care in Adelaide
- Home care in Perth
- Home care in Hobart
Do you need help finding aged care services?
My Care Path can provide you with a complete end to end consultancy service to assist you in navigating the complexities of aged care. Our consultants are ready to help - call today for a friendly, no-obligation chat!
Call 1300 197 230
Article posted:Jun 24, 2019 Category: Aged care financial planning
A beautiful weekly tradition continues at Alexandra Gardens, Rockhampton
The Lifestyle and Care teams at Alexandra Gardens Aged Care Community are only too happy to support resident Daryl and his wife, Val, to continue to enjoy an alfresco lunch together in the courtyard every Thursday – complete with a glass of wine. We love supporting residents to stay connected with their loved ones.Unveiling Tranquil Aged Care Living: Explore Menarock LIFE Willowbrae's Open Day in Templestowe
Discover the epitome of aged care living at Menarock LIFE Willowbrae Aged Care in Templestowe. You’re invited to join the Open Day and immerse yourself in the tranquility of the home’s beautiful courtyards and shared spaces, where comfort, privacy, and vibrant social connections converge harmoniously. Explore a lifestyle that nurtures your wellbeing and enriches your daily life.
Resthaven World War II Veteran Mrs Muriel Dick Honoured by Visit From RAAF
Mrs Muriel Dick (101), of Resthaven Aberfoyle Park, has today received a gift and a personal thank you from the Royal Australian Air Force (RAAF) for her service to the country during World War II.
Muriel was a member of the Women’s Auxiliary Australian Air Force from 1942-1946, working as a tailoress, as well as in equipment.
Irene Dixon: South Australia’s Last Member of the Australian Women’s Land Army
Mrs Irene Dixon, 101, describes her time in the Australian Land Army as ‘honest, hard work.’ Now a resident at Resthaven Port Elliot, Irene is believed to be the last surviving South Australian member of the Australian Women’s Land Army. ‘It’s not surprising really,’ she says with a wry smile. ‘Many of the women I was with were about 10 years older than me.’