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SOURCE: 1. Bridge, Davy, Judd, Flatau, Morris, Phibbs. (2011, September) ‘Age-specific housing and care for low to moderate income older people’ Report No. 174 for the Australian Housing and Urban Research Institute, UNSW-UWS Research Centre.2. White, A. Loussikian, K. (2016, June 11). Aged care and fast money an unhealthy mix. The Australian. Retrieved from http://www.theaustralian.com.au/business/aged-care-and-fast-money-an-unhealthy-mix/news-story/e56d693e174eb8e935834aec50ff6c6b
AGED CARE: WHAT ARE THE COSTS?
HAVE NOT CONSIDERED THEIR AGED CARE1
EXPECT TO RELY ON GOVERNMENT CARE1
UNDERSTAND HOW AGED CARE FACILITIES CHARGE1
PREFER TO STAY AT HOME THAN MOVE INTO AGED CARE1
25% 31% 1of3 64%
Insights
Funding cuts Predictions Plan
• Advice• Power of Attorney/guardianship• understanding fees and bond
payments for aged care facilities• Tax planning• Estate planning• Social security entitlements• Cash flow planning• Home improvements
Number of aged care bed increase predicted2
NOW 2020
4’639
10’000
FeesNURSING HOME
fundingGovernment
Costs
GOVERNMENT
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