According to an Australian Government source in 2019, the average age of a person moving into a Residential Aged Care is 82 for men and 84 for women. However, people need some sort of support before that age.
Australian Institute of Health and Welfare indicates that a person currently aged 65 could expect 17-25% of their remaining years to be living with a core and profound disability. This is why people really need a plan, making a choice that suits their needs and goals.
Determining and working toward your plan:
Planning ahead will allow you time to identify and understand the available options, do the comparisons and make the best decision.
With the current complex rules and regulations around aged care, you might need advice that helps you to understand your options and explain everything in an easier way to understand. We are specialised to help you with:
1. Discussing the choices in aged care accommodation:
- Staying in your own home
- Granny flat rights
- Retirement village
- Aged care facility
2. Assisting you with your decision making by identifying the available options, working on factual cash flows and aged care fees calculations.
3. Explaining in detail all available options and related rules and regulations.
4. Reviewing your plan regularly.
Disclaimer: The information provided is general information only. It does not take into account your circumstances. It’s important to consider your particular circumstances before deciding what’s right for you. You should not rely upon it and should seek qualified advice before making any investment decision. Except where liability under any statute cannot be excluded, we do not accept any liability (whether under contract, tort or otherwise) for any resulting loss or damage of the reader or any other person.
