At least a quarter of a million Australians reside in residential aged care at any one point in time. As we saw last week, residents in aged care are asked to pay a range of fees for their stay. In this article, we will look a little more closely at the largest of these fees: the accommodation fee.
More than 1.2 million Australians receive some form of aged care. Of these, about 23% of people are using residential aged care. Residential aged care is something all of us should expect, either for ourselves or for a loved one. The good news is that anything that we expect can be planned for.
Research shows that the aged pension is all we have to look forward to, unless we act now.
There are a number of things to think about when deciding whether and how to keep or sell the family home when you move into aged care.
Keeping the family home when you move into aged care is well worth considering.