Your Guide to Affordable Aged Care Living
Residential aged care is a way for older Australian citizens to live in comfort whilst also receiving the daily care that every person needs. When living alone at home is no longer possible, residential aged care is set up to provide comfortable accommodation or in-home care and a range of other services to help with day-to-day tasks, personal care and hygiene, and any health problems.
Whilst the Australian Government funds residential aged care, there are still costs involved for the individual so it’s important to receive the right aged care financial advice prior to making any decisions.
The Costs
Depending on what degree of aged care you are looking to receive, there are costs involved that can vary greatly and aged care financial advice can differ from person to person depending on several factors:
- The types of services you receive
- Where you receive the care
- Your financial situation
- The fees the aged care provider charges
- How many services you receive
Types of Aged Care
The starting point when planning out your residential aged care journey should be to decide what type of aged care you need/want:
- Entry-Level Care in Your Home – This is a basic level of care that allows the individual to remain at home whilst receiving assistance where needed. This can come via meals and food preparation to home or garden maintenance.
- Complex-Level Care in Your Home – More complex needs mean more complex care, and a home care package is provided for care that provides more wide-ranging assistance. Depending on the level of care provided, this can increase costs based on any extras added to the package.
- Aged Care Home – If accommodation is required and more daily care is needed, the aged care home is a great option for 24-hour support. This does mean that costs are also much higher but decrease the risk for the individual significantly if health is an issue.
- Short-Term Care – Short-term care is a great option for those recovering from an injury or illness and can be received in an aged care home or your own home. This incurs a fee for each day of care you receive, rather than monthly or yearly.
With so many options involved in residential aged care from services to providers, it’s important to do your research and receive professional advice. To receive an initial consultation at no cost on aged care financial advice and an array of other services, get in contact with Wealth Connexion and plan your future, today.
