Why Finding Residential Aged Care Is A Time Sensitive Issue
Finding The Ideal Residential Aged Care Solution Ensures A More Comfortable Future For Your Loved One
Whether it is your father, mother, both parents or a family member, if the time has come to find residential aged care then you arrival here is the first step in the right direction. With our financial planning team on your side, you have the benefit of over two decades of experience helping Australian families – no different from your own – navigate these important financial decisions and helping to remove stress from the equation as you plan for the years ahead.
Entering into the residential aged care arena can be confusing for most with the danger being that those overwhelmed by the choices will make an ill-informed decision that could end up costing many more thousands that you wished to spend over the years ahead. The good news is that with our professional team on board, you will receive clear advice to help make the right decision for those entering into care, and safeguarding their comfort with financial solutions that fit your circumstances.
Residential Aged Care
While the Australian government subsidises most of costs associated with residential aged care, you may still be expected to contribute to some fees. Aged Care Help can assist you in determining your financial eligibility for subsidised care and additional payments you may be required to make.
Below is a list of residential aged care fees explained;
- Basic Daily Fee – a fee assessed for your essential day-to-day living.
- Means-tested Care Fee – If your income surpasses a certain level, you will be asked to contribute toward your cost for care.
- Accommodation costs – Some care recipients may be eligible for government subsidised accommodation, though others may be required to pay for their accommodation without government subsidies and assistance.
- Fees for Additional Services – Not all services or accommodation fees can be covered by the government. If you choose a more affluent or higher level of accommodation, you will be required to cover extra costs associated with such arrangements.
What funding options are available for residential aged care?
Planning your aged care finances are important, but how do you know what options are available? If your costs for residential care is not subsidised, our trusted advisers can help you allocate income and savings resources to assist you in paying for your care and accommodations.
There are several options available for funding your residential aged care:
- Maximising retirement savings
- Full or partial government subsidies
- Age Pension
Estimating the cost of residential aged care
Most seniors are eligible for government assistance but how much you pay out of your pocket is dependent upon your income and assets. If you do experience a financial hardship, you may also be eligible for financial assistance. However, you must first complete an income assessment to determine your eligibility. Without this information, you will not qualify for government subsidies.
If this all sounds very confusing, our aged care experts will make the process of estimating your residential care costs simple and easy to understand. Below are the steps in our assessment process:
- Concurrent aged care support and additional support needs
- Finding aged care residences
- Financial planning
- Income assessment
- Estimation of projected costs for residential care
- Estimation of additional expenses not subsidised by assistance programs
Schedule your residential aged care assessment today
Our expert aged care advisers are here to make the transition into this chapter in your life easy and worry free for you and your family. We are happy to take your call to schedule your assessment appointment so give us a call now on 1800622892. Our offices are also conveniently located in Earlwood NSW so feel free to call in to see us if you’re in the area.
Aged Care Help are the best aged care financial services provider in NSW. They specialise in aged care financial planning and aged care strategies. Browse our website further or call us to learn more about what we can do for you.
Count On Our Advice To Help Your Family Through An Otherwise Stressful Time
We know that for many families stress will be anticipated as part of the process of moving your father, mother or family member into residential aged care. As such, it can be a particularly emotional time, which makes some that little bit more sensitive and reactive to suggestions about the future care of the person at the centre of the process.
We all want what is best for our loved ones, and so in such stressful times our firm is here to help mediate, cut through the jargon and assist families to avoid any unproductive interpersonal conflicts that could slow down the decision-making process. Our advice will guide your family and enable you all to move forward confident that the best solution was achieved.
Forget Complicated T’s & C’s, We Keep It Simple So You Don’t Fall Into The Traps
Sorting residential aged care can present you with a complex series of decisions and a lot of information written in legal industry terminology that can trip you up financially if you are not aware what you are agreeing to. Do not allow yourself to get caught, seek out the meaning and until you have it, do not make your final decision.
Our team will sit down with you to go through the entire process and eliminate the complicated legalese so that you do not have to stress about making a wrong move. We will help you determine the ideal path forward and walk you through each aspect of it so that you have the best solution to suit your means.
How We Help You…
Present Options Available To You
We’ll take you through all the different options and plans available to you, structured so that they are specific and relevant to addressing your loved ones’ needs.
Minimising Facility Fees
We walk you through which facility fees will be applicable to your situation and how we can help you to minimise them.
Maximising Government Pension Claim
We’ll help you optimise any government assistance and pensions that your loved ones may be eligible for, so they have all the financial help they can get.
Develop a Responsible and Actionable Financial Plan
You’ll get a financial plan from our fully qualified and experienced team which addresses your parents’ needs directly, providing you with solutions that are both responsible and practically actionable.
Avoid Unnecessary Family Disputes
We can also mediate between you and your family so there aren’t any unnecessary disputes – just professional financial advice which looks after your loved ones’ best interests.
A Fee With No Hidden Extras – Guaranteed
Additional charges hidden in the fine print are nothing spell nothing but pain and anger for those faced with shelling out much more than they bargained for.
With our fixed fee system, you will know before you commit to working with us exactly what our fee is for the services we will render.
This gives you the luxury of making informed decisions that make the best use of your resources and do not have to fear hidden costs raising their heads somewhere down the line.