Aged Care Financial Advice
At the heart of every decision to move towards Aged Care is wanting the best for a loved one. The journey can bring with it emotional times, which is why we are here to help you navigate through all the necessary steps and ensure you can focus on spending more quality time together.
Below we have outlined our 7 step process to Aged Care however we encourage you to reach out to us anytime you are ready. Either by calling us on 1800 270 990 or emailing admin@careplanadvisory.com.au, or you can simply click here to fill in the form at the bottom of this page and we will get back to you.
Our 7 step process to Aged Care
When the need for Aged Care arrives, it can often cause stress and sometimes put unnecessary strain on family relationships. Our sole purpose is to step in and guide the whole family through the process of moving into aged care.
With some good planning and open conversations, we can have you all focusing on what is most important – quality family time. Read through our brief overview of the 7 step process below or reach out to us directly and we can go through it with you.
If a residential care community is the path you will be taking then it’s time to think about what is most important to you in choosing a location. We’ll work with you to decide based on a range of factors such as proximity to family, community, amenities, and your health care needs.
From there we will help you through the process of securing a suitable placement.
Whether we have been with you every step so far or you have made it to step 5 on your own, we will gladly provide a full review of your financial situation in order to give you individually tailored advice on how you can cover the costs of your future aged care.
We address many common topics such as
- Taxation changes;
- Selling vs. renting – your home;
- Centrelink / Veteran’s Affairs pension;
- Best use of surplus moneys;
- RAD vs. DAP for your accommodation.
Services below are included in our CarePlan Member package:
- Quarterly check-in to see if income and assets have changed – Update Centrelink (Services Australia)/DVA accordingly
- Centrelink/DVA Nominee Service
- Respond and Action letters received from Centrelink/DVA
- Check Aged Care invoices if needed
- Centrelink updates throughout the quarter, upon request
- Ensuring Means tested Fee re-calculations each quarter are correct if in Aged Care