At TBA Aged Care Financial Advisers, we specialise in a straightforward, objective approach to the financial implications of relocating to a retirement village.
We will work with you to make sure every detail is considered, to help you make your decision confidently, even when the situation is urgent.
Residents with low means are eligible for full government subsidy towards their cost of accommodation and care. The Government funds the person’s cost of accommodation entirely and the person will not be liable for an accommodation contribution. Instead, a low means resident is only liable for the basic daily care fee and any other additional services they elect for.
Before entering an aged care facility, a person’s health must be assessed and a formal ACAT assessment is required. Since July 2014, with the Government’s introduction of the Living Better, Living Longer reforms, fees and costs will also apply to each resident regardless of the level of care required.
This means there are many factors to consider when moving into assisted living. We can help you make empowered decisions and answer all the questions you’re suddenly faced with;
We understand that the financial aspects of the aged care system can seem complex.
We will assist you to fully understand your financial situation and the way that this relates to your aged care choices.