Blog / aged care

Some additional aged care fees not permitted 23 May 2018

The Federal Court handed down a decision on 2 March 2018 disallowing an aged care provider (Regis Aged Care) from levying an “asset replacement charge” on aged care residents. This is an important decision that may impact a number of aged care residents.

More

Quarterly fee reconciliation process to determine ongoing aged care fees 23 May 2018

For existing residents of residential aged care facilities, means tested care fees and/or accommodation contributions are determined through a quarterly fee reconciliation process.

More

May 2018 Budget - Aged Care 09 May 2018

This article we look at the proposed changes to senior Australians in the May 2018 Federal Budget.

More

A guide to Australian Government payments to 30 June 2018 11 Apr 2018

20 March 2018 to 30 June 2018 - A guide to Australian Government payments covers most of the benefits that can be claimed through Department of Human Services and Centrelink.

OPEN PDF

Minimum permissible asset requirement 28 Feb 2018

When entering a residential aged care facility, residents have the choice of paying some or all of their costs for accommodation as a lump sum. However residential aged care facilities are subject to a ‘minimum permissible asset requirement’ which limits the amount the facility can accept as a lump sum payment for accommodation.

More

Assessment for income support payments for couples 28 Feb 2018

Assessment for income support payments for couples - exceptions to the rule.

More

Quarterly reconciliation of aged care fees 28 Feb 2018

For existing residents of residential aged care facilities, means tested care fees and/or accommodation contributions are determined through a quarterly fee reconciliation process.

More

A guide to Australian Government payments to 19 March 2018 28 Feb 2018

1st January to 19 March 2018 - A guide to Australian Government payments covers most of the benefits that can be claimed through Department of Human Services and Centrelink.

OPEN PDF

How Centrelink assess multiple funeral investments 08 Nov 2017

The three main ways to pre-pay for funeral expenses are: - funeral bonds - pre-paid funerals - burial plots

More

Assessment of income support payments for couples 08 Nov 2017

When a member of a couple enters residential aged care, the general rule is that the means tested amount is calculated using half of the combined income of the couple. However, when including income support payments (eg. Age Pension) in the means tested amount assessment, the general rule does not apply.

More

A guide to Australian Government payments 11 Oct 2017

20th September to 31st December 2017 - A guide to Australian Government payments covers most of the benefits that can be claimed through Department of Human Services and Centrelink.

OPEN PDF

Pensioner Concession Card to be reinstated for former recipients 11 Oct 2017

People that lost their pension concession card at the beginning of January 2017 due to the changes of their asset and income test should have received their card back by the 9th October 2017.

More

Younger People in Aged Care 13 Sep 2017

Young people accessing aged care services may be eligible for supports through the National Disability Insurance Scheme (NDIS), as it rolls out across Australia through to 2020. Younger people who are already in aged care can continue to receive aged care and may become eligible for additional supports through the NDIS.

More

Home Care Services – New administration changes 16 Aug 2017

From 27 February 2017 the way home care packages are administered changed whereby the packages allocated to individuals rather than to the home care provider.

More

Five steps to consider before entering an aged care home 24 May 2017

The fact of life is that at some point in time a person will need to be cared for. One of the options is to move in to residential aged care. The following article contains 5 steps to make the transition smoother.

More

Aged care: confirmation that loans to fund RAD’s do not reduce the RAD asset value 07 Dec 2016

It is not uncommon for family members to lend money to an aged care resident to fund the Refundable Accommodation Deposit (RAD) payable when entering an aged care facility however this may result in additional costs.

More

4 Steps to Access Home Care Package 09 Nov 2016

This article will explain the 4 Steps to accessing Home Care Packages

More

Change to Home Care Services 26 Oct 2016

The government is encouraging the trend for older Australians to stay at home and is providing financial packages to fund supportive services.

More

Change to Assessment of Former Home 26 Oct 2016

On the 1st January 2017 there will be a major change regarding the assessment of a former residential for a person entering aged care.

More

Aged Care - Quick Reference Guide As At 1 July 2016 17 Aug 2016

Aged Care reference guide as at 1 July 2016 including residential aged care - daily care fees, accommodation payments/contributions, home care - daily care fees & other important information

OPEN PDF

Recent News Aged-Care Financial-Planning SMSF Special-Disability-Trusts
SOLOMON FORMAN SMSF SPECIALIST ADVISOR SMSF SPECIALIST AUDITOR Forman Financial Services SOLOMON FORMAN CERTIFIED FINANCIAL PLANNER® Forman Financial Services

© Forman Financial Services 2014. Design & Developed by maxmoment interactive