Making an informed decision for Aged Care
Your financial guide to Home Care Packages, Respite, and Aged Care
Looking into aged care services for yourself or a loved one doesn’t have to be difficult. We’ve put together a financial guide to help you make an informed decision for Aged Care. In this post, you will find the step by step approach to accessing aged care services, and to access the full guide, simply submit your details below.
Aged Care – What you need to know
Aged Care choices are complex. Making the wrong decisions can come at a high price, both emotionally and financially.
Whether you are considering aged care for yourself, a parent, partner or loved one the decisions you face can seem overwhelming. There’s no doubt that the decision for either you, or a loved one, to move into an aged care home is a tough one. It’s also an emotional one because it means yielding to the next stage. And, it’s complex; you need to have an understanding of the rules and regulations because it’s important to understand what you are getting into. This post is designed to provide you with answers to the most commonly asked questions and to help you understand the financial arrangements.
As with any decision in life, having access to the right information can help you make an informed decision which ultimately gives you peace of mind. Understanding all the issues – the implications to your age pension entitlements, the aged care costs you will be charged, as well as the impact on your estate is vital, and Kalyra advises individuals to seek independent advice from a licenced financial advisor with experience in aged care.
What are the aged care options?
Depending on the level of care required, which may change over time, there are a number of different accommodation options available:
Kalyra Communities offers all these options and can provide a seamless transition between these care options. The downloadable pdf will provide information on the financial options and processes available to receive care in your home or one of our facilities.
What do I need to do first?
Prior to accessing most aged care services, you will require
- An assessment of your care needs
- A financial assessment
We have outlined this 2 step process of accessing aged care here, Accessing Aged Care Services.