Aged Care Financial Advice

Perhaps the financial challenge that looms largest for seniors is aged care. With the implementation of the Living Longer, Living Better reform on July 1, 2014, aged care facilities must enforce tighter means testing on aged care and accommodation costs. The importance getting good information and considering all the options weighs more heavily than ever before. You and your family simply cannot afford to make uninformed decisions.

Effective financial planning for aged care includes practical and helpful advice on how you can pay aged care entry fees and accommodation fees such as:

Refundable Accommodation Deposit (RAD)

Daily Accommodation Payment (DAP),

Means-tested care fee

An experienced aged care financial planner may assist you with advice and strategies that:

Improve your cash flow

Minimise aged care costs

Help fund your aged care fees

Seniors First work with a a small network of financial advisers around who specialise in aged care financial advice in NSW, QLD, VIC, WA and SA.

Request a referral to an aged care financial adviser – call 1300 745 745.

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