Proposed changes to the Pension Loans Scheme (now known as the Home Equity Access Scheme) could help more elderly Australians stay in their own home for longer.
Most retirees hope to stay in their own home for as long as possible. Government support is available but waiting lists are long for higher level care. For some, self-managing home care can significantly cut costs.
The decision to move into aged care is often made at the last moment, when the task of working out where to go and what it will cost can be overwhelming. Our definitive guide will walk you through your options and what they cost.
New rules have clarified the tax, Age Pension and other implications of granny flats, but putting a formal agreement in place is vital.
If you are over 65 years of age, still living in your own home and need some support to remain living independently, you can apply for a Home Care Package.
Old age isn’t the only time you may need to rely on someone you trust to make decisions concerning your medical treatment. As highlighted by the rapid onset of COVID-19, people of any age can become critically unwell. Ensure your decisions are adhered to with an advance care directive.
Bina Brown explains how residential aged care works, what are the typical wait times and costs, and what you should consider when choosing a residential aged care facility.
Bina Brown explains how aged care home care packages work and how they are assessed.
In this video interview Bina Brown, Director of Third Age Matters, gives an introduction into aged care, including common mistakes people make, ways to educate yourself about aged care and other tips for those first thinking about aged care.
If you or a loved one are entering the aged care system, My Aged Care may be your first port of call. Find out what you need to do and what services are available at home or within an aged care facility.
Elderly retirees who need support to stay in their own homes can apply for government home care packages. We look at what they are, what the different levels cost, and when you may have to contribute from your own savings.
When we plan for life after retirement, we can often tend to focus on saving for a comfortable standard of living and travel. It can be difficult to factor in anything other than a happy and healthy journey as we get older, even if we know the reality can be very different.