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Please reach us at robert@horizonfd.com.au if you cannot find an answer to your question here.
We know that your memories are priceless, and are pleased to acknowledge that there is no requirement to sell the family home. However, if you choose to retain any property it will have implications for the calculation of Age Pension and Aged Care fees over time.
The cost of care is specific to the care facility you choose, your asset position and any additional services provided to you as part of your accommodation arrangements. In short, everyone has a different cost of care. Speak with us today regarding your or your loved ones' specific situation.
Yes. Our proven strategies can assist with enabling you to significantly reduce the ongoing cost of care for you or your loved one. There are a number of options which can achieve this aim, however your specific situation needs to be taken into account.
Aged Care fees are heavily subsidised by the Australian Government and this is done to ensure everyone who needs care can have access to care. Those who can contribute toward their cost of care are then required to contribute. Australians with limited financial means also have options available to them.
Ordinarily the decision to move into residential care has come after significant change in medical status personally or of a loved one. Initially, an ACAT assessment is required which indicates residential care is needed. Your Medical Practitioner can provide some guidance in this instance or you can contact My Aged Care.
This commences your search for a quality residential aged care facility. Contact us for an assessment of your specific financial situation.
ACAT refers to the Aged Care Assessment Team, and they personally interview and evaluate potential Aged Care residents to document specific individual needs and whether Aged Care is appropriate for you or your loved one.
Assessments can be arranged by contacting My Aged Care.
This process involves a number of considerations including geographic location, level of care required, cost of room, religious preferences or ethnic preferences. There are a multitude of facilities to choose from in most metropolitan regions with a reduced level of choice outside of those areas. A great resource is the https://www.myagedcare.gov.au/ website. Their search tool allows you to nominate a host of filter options in narrowing your search. Once the field is reduced we recommend personally visiting your shortlisted facilities to get a feel for the level of care provided.
Each facility will ofcourse be subject to availability, and waiting lists do apply at more in demand facilities.
Once you have been assessed by ACAT and have selected an appropriate residential aged care facility, we can assist in making financial preparations for the entry into care and work with you to find the best option for funding Aged Care costs. This can be a lengthy process depending on the individual so starting early is key.