Australia’s population, like that of most developed countries, is ageing as a result of sustained low birth rate and increasing life expectancy.
Costs associated with moving an elderly person into care can be quite complex and requires careful planning. Accommodation needs, the person’s ability to meet initial and ongoing care costs, estate planning and Centrelink Age Pension entitlements are important aspects for an elderly person and their family to consider.
As such, it is important to start aged care conversations with elderly clients earlier and to involve the family in discussions to ensure everyone is comfortable with the arrangement. The steps involved in moving into an aged care facility are:
1. Approval from the Aged Care Assessment Team’s (ACAT) is required to qualify for a government subsidy. There can be a six to none month wait for this free assessment which will determine the level of care you need and eligibility for aged care services.
2. Find a facility based on the services and amenities you need, as some facilities specialise in treating certain illnesses. You will also be able to get an idea of upfront and going costs plus the level and type of bond required.
3. Organise finances to cover any upfront and on-going accommodation and care expenses. This may include deciding whether to keep or sell the family home.