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Aged care: A highly complex and emotive topic

Reforms in aged care in recent years has meant the system has become complex and could even be confusing. Throw in that it is a highly emotive topic and it means it is an area that is in-demand for quality financial advice.

With a Royal Commission into aged care announced in 2018 we expect to see more changes and more demand for services, advice and options, so here are some things to consider if you are looking at care for yourself or a loved one either at home or at a local aged care facility.

Did you know? There are about 1.3 million people in Australia who access aged care (Aged Care Roadmap, Australian Government, March 2016).

Aged care is not just for the elderly. Usually it is the children or grandchildren that are forced to look into aged care when the need becomes desperate, and by that time it is often too late to properly consider and plan for the best outcome. The earlier you think about aged care, the more in control you are, and the better outcome you can hope for.

As a professionalfinancial adviser specialising in aged care I take pride in working with my clients over time to consider their whole financial plan, a part of which is aged care. By working together we build a better relationship, one based on trust and understanding, and this helps my clients get peace of mind that they have someone looking out for their financial future and lifestyle.