Aged Care Financial Advice
Financial Planning For Aged Care
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The aged care financial services I provide include assistance in dealing with nursing home costs such as Refundable Accommodation Deposit or RAD (previously known as accommodation bond), Daily Accommodation Payment (DAP), Means Tested Care Fee, and basic daily care fees.
Aged Care Financial Advice Call 0413 892 531
Financial Planning For Aged Care
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The aged care financial services we provide include assistance in dealing with nursing home costs such as Refundable Accommodation Deposit or RAD (previously known as accommodation bond), Daily Accommodation Payment (DAP), Means Tested Care Fee, and basic daily care fees.
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These fees are often complex and difficult to understand, thus causing stress for many families. Perth Aged Care Financial Advisers specialise in giving well-thought and carefully structured aged care financial planning. It is crucial that you seek experts’ advice in this important family decision to avoid serious mistakes and to enjoy long-term benefits in return.
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Experienced financial advisor services in Mandurah I will guide you when dealing with:
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Refundable Accommodation Deposit (RAD) funding strategies
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Personalised financial model for your aged care services and options
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Maximising aged pension benefits
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Minimising aged care fees and charges
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Negotiating with your residential aged care
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Aged care assistance and support
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As your financial adviser, I will help you get started and lead you to wise decisions when it comes to aged care. Some of the benefits our clients enjoy are:
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A bright path ahead
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Stress-free entry into aged care
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Significant savings on nursing home costs
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Better cash-flow
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Avoidance of unnecessary mistakes
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Ability to enjoy superior nursing home care and upscale services
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The Aged Care Advice Process
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Every aged care case is different and we use a unique approach for every client. There is no single ‘one-size-fits-all’ formula. As your aged care financial adviser, I will consider the different circumstances, resources, options and emotional factors to determine the most suitable solution required to help each client.
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Still, there are common steps in the process that remain constant for each client. This is a collaborative, transparent process that we always follow in order to provide clear, concise financial advice that delivers results for our clients:
List of Links for Aged Care Information
This schedule applies to residential and home care recipients who first entered care on or after 1 July 2014. It also applies to those who entered care before this date and have chosen to be covered by the 1 July 2014 arrangements.
When you move into aged care, you may be concerned you’ll have to give up on the creature comforts you were used to at home. Extra services may be the answer to making you feel more at home in an aged care facility.
An accommodation agreement sets out a person’s residential aged care accommodation costs. You must include certain details, provide a copy to the person, and make sure they understand and agree to it. Review the agreement as needed, and update it if you both agree to the changes.
View the current and previous BIR and MPIR for residential aged care. Find out which rate to use to calculate accommodation payments and contributions and interest amounts.
This schedule applies to residential and home care recipients who first entered care on or after 1 July 2014. It also applies to those who entered care before this date and have chosen to be covered by the 1 July 2014 arrangements.
A refundable accommodation deposit (RAD) is the lump-sum payment for a room (or part of a room) in an aged care home. The price is for residents who are not eligible for Australian Government assistance.
Residents who entered care in an aged care home from 1 July 2014 may pay an accommodation payment or contribution. Residents can choose from lump sum or rental payment options, or a mix of both.