5 steps to follow for a Smoother Transition1. Get your eligibility assessedBefore you can enter an aged care facility and receive Government support, your health situation must be assessed by the Aged Care Assessment Team (ACAT). The assessors are generally health professionals such as doctors, nurses and social workers who specialise in aged care. This […]
Know what your options areThe first option that probably comes to mind is a residential aged care facility. These facilities provide accommodation and care depending on your personal needs. Care can range from personal care, such as help with showering and dressing, together with occasional nursing care to continuous nursing care for those with a […]
The government is tightening the rules around the Commonwealth Seniors Health Card (CSHC). From 1 January 2015, the income from all new account-based pensions will be included in the CSHC income test. So if you haven’t set up an account-based pension yet, you need to move quickly before the New Year. And if you already […]
Will the changes reduce the amount you receive? From 1 January 2015 new Centrelink rules could affect your government age pension entitlements for the rest of your life. Let’s look at what the changes could mean for you. Have you spoken with a financial adviser recently? It pays to be aware that if you receive […]
With important new deeming rules coming into effect on 1 January 2015, now is the time to review your superannuation and pension arrangements to ensure you don’t miss out on valuable Social Security entitlements. Account based pensions have generally been given favourable treatment when Social Security assesses your eligibility for benefits such as the Age […]
The decision around whether to get some home help or move to where you or a loved one can get support and care is never an easy one. But from 1 July changes to the aged care system should give individuals and families a clearer understanding of the choices they have and the cost of […]
We take a closer look at the impact of the Australian government’s proposed reforms to the aged care system and the importance of making financial provision for your latter years. The fact we’re tending to enjoy longer and more productive lives in retirement is worth celebrating. But the reality is that many of us will […]
