will i pay more for aged care

Will I pay more for aged care?

Changes to aged care fees are coming, and they will impact both home care and residential care. After a long wait and lots of speculation, the government has released details of the proposed changes. While some people will see their fees increase, the good news is that aged care remains heavily subsidised, and fees will…

Worried about ageing parents?

Worried about ageing parents?

Life can be busy and complex for the ‘sandwich generation’ who find themselves stuck between caring for grandchildren and ageing parents. Most people are unprepared for aged care because, let’s face it, no one wants to get old – but if we are lucky, we will. Families are better off being prepared. Apart from the…

Getting your RAD back

Getting your RAD back

The money you pay as a lump sum for your residential aged care room will be refunded to your estate – so what do you need to know about when and how your money is refunded? Accommodation payments (called Refundable Accommodation Deposits – RADs for short) are one of the most misunderstood areas of residential…