While the Australian Government provides funding to residential aged care homes to help with the cost of care, most residents will also have to pay certain fees and charges.
There are two main types of costs associated with residential aged care:
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The amount of bond paid may have implications on pension payments, ongoing costs of aged care and the assets left to the estate. For example, in some situations, negotiating a higher bond may lead to discounts on fees and charges in exchange for the additional capital up front. This in turn may increase pension payments and reduce ... read more ...
This useful guide provides information about the different types of aged care facilities available. It discusses the features of varying levels of care as well as giving an indication of the costs you can expect to incur. If you have any questions regarding aged care, please contact our office to speak with Melinda.
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