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Aged care tips and traps

It is estimated that by 2051, more than 25% of the population will be aged over 651, whilst the number of people over 85 is expected to more than quadruple to approximately 1.8 million2. The likelihood that you will have to place a parent or relative into an aged care facility is remarkably high. You […]

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Aged care fees – what are they and how will I pay?

It’s possible that one day you, your partner or your parents may need to move into aged care. Naturally, you’ll want the best possible outcome for all concerned. However, this can be a very emotional and testing time, and there’s a lot to consider. In fact, you’re required to make sometimes difficult and complex financial […]

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Understanding the aged care reforms

Understanding the aged care reforms The ‘Living longer, living better’ aged care reforms, which were announced in April 2012 and are scheduled to begin on 1 July 2014.  Full details are at www.livinglongerlivingbetter.gov.au. It is important to note existing residents will be grandfathered under the current rules and new rules will only apply to individuals […]

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Aged care reforms

Aged care in Australia has recently gone through some key reforms. We look at what the main changes are and why it’s more important than ever to plan ahead for care of loved ones. Our ageing population On 1 July 2014, the Government launched a whole raft of changes to aged care as well as […]

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