You may have heard that there are ways to protect an aged care resident’s assets from nursing home costs.
A resident’s nursing home costs are based on some fixed costs and means tested costs. In some cases, assets can be structured in a manner that will ensure favourable assessment of the means tested costs.
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The Centrelink Aged Care Pension is the same as the Centrelink Age Pension, which is received by anyone who meets the standard eligibility criteria and is calculated as being eligible for the pension under the ‘Income Test‘ and ‘Assets Test‘
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There are several acronyms used in aged care terminology and one that confuses many people is DVA. The term DVA stands for Department of Veteran Affairs.
What is the Department of Veteran Affairs?
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Moving a loved one into a Nursing Care home or Aged Care facility requires careful planning and a lot of paperwork!
Listed below are the steps required to moving someone into a care home.
Continue reading How To Get Someone into a Nursing Home
The typical costs of Nursing Home Care (Aged Care) are broken down in to daily costs. There are a number of daily costs that on needs to consider when entering Aged Care. Different daily costs will apply to different residents. The following factors will influence the types and levels of daily fees that are payable:
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