Tag: nursing home fees


What is an Accommodation Bond and How Do You Pay for Aged Care?

What is an Accommodation Bond and How Do You Pay for Aged Care?

Mum or dad are fine one day, then suddenly they’re in hospital and your local ACAT (aged care assessment team) are saying they need permanent residential care in a hostel or nursing home. It can be quite a shock. Especially when you’re confronted with the costs. One of the first questions many families ask when an elderly relative is assessed is: what is an accommodation bond...

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Elder people using electronical devices without problems

Retirement village units & aged care – the value of financial planning: Case Study

Keeping the family home when moving into an aged care hostel can often be the best option. Depending on an individual’s circumstances it may be better for age pension and aged care fees. However sometimes it is not possible to keep the former home due to the family’s financial position. A large percentage of retirement village contracts, force resident to sell their unit or villa when...

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