Aged Care

Are you or a loved one starting to think about nursing homes and don’t know where to start?

There are so many different types of homes, levels of care, payment structures, accommodation bonds and facilities that it can be confusing. It can also be a time when emotion within a family runs high and it can help to talk through your options with a financial planner, who can guide you through the financial considerations.

At H.A.M Financial Services, we often meet families who have chosen a particular home based on its facilities or proposed level of care, but they feel lost when it comes to how the bond and ongoing fees work.

While many aged care homes have different payment structures, it is important that you clearly understand them before signing anything. You will need to know how you are going to pay ongoing fees and where your money sits if you are required to have an accommodation bond.

There are rules about how much money you or your loved one must be left with and maximums that can be charged on an ongoing basis.

H.A.M Financial Services spend time with you and your family to explain how aged care plans work and if there are alternatives to what has been proposed to you.

A clear understanding of your financial commitments, both up front and ongoing, is essential to ensuring long term security in aged care.

Call us today to discuss your plan.

 

H.A.M Financial Services is an Authorised Representative of RI Advice Group Pty Ltd ABN 23 001 774 125 AFSL 238429

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