Hi all,
I have been on this role for sometime and noticed that there are people who entering into Aged Care without a full picture of what would impact them financially.
If anyone is considering having their love one admitted into an Aged Care facility, i maybe able to assist with some of your queries regarding (not clinical but financial only)
- Residential Aged Care
- Respite care
- Independent Living
Aged Care industry is highly regulated and quite complex but I do my best to assist.
To Start with, these are some basic fees that you are required to pay:
- Respite = Basic Daily Care Fee + Other agreed additional services Fee
Residential care = Basic Daily Care Fee + Mean Tested Fee (if any) + Accommodation Fee (depend on your residential status, your accommodation fee will be varied) + any other agreed additional services fee
*Independent Living: this one is depend on your tenancy contract with the provider. The fees which you should know is: Self Care Fee and Exit Fee.Disclaimer: It is still best for you to consult with a Financial Adviser specialised in Aged Care (this will cost you a bit) or making an appointment with Centrelink Financial Adviser who will be able to provide guidance of which is the best option for you.
My Aged Care website is a good start for everyone.
https://www.myagedcare.gov.au/
** Additional info:
The below graph would help you to see how Centrelink Assessment Team determine whether a person is low mean or non supported. Keep in mind that the threshold amount is indexed twice year.
https://www.sapphirecare.com.au/wp-content/uploads/2017/06/R…
Ref from Shapphire Care (2017).
When having discussion with an Aged Care provider, they should go through this with you in the financial discussion.
How do you spot an Aged Care Provider that's just out to squeeze every last dollar from their clients?