What worries you about aged care?
If you are worried about the need to access aged care, you are not alone. When the time comes, it can be daunting, with a lot of new information to take in and many decisions to make. The responsibility to make the right decision for yourself or a loved one may weigh heavily on your mind.
From our experience, the four of the most common worries that people raise include:
Quality of care: One of the main concerns is whether the quality of care provided will meet needs and expectations. Reports of inadequate staffing, neglect, or instances of abuse have contributed to this worry. People are often afraid that they might not receive the attention and respect they deserve and want assurance that care will be provided by competent and compassionate carers.
Cost and affordability: Financial considerations are likely to be a significant worry. Costs can vary widely depending on the type of care required and your financial situation. Understanding what government subsidies are available and how much you will be asked to contribute, as well as how to fund other expenses, requires careful planning.
Access and availability: Many people are experiencing waiting lists and long delays in accessing aged care services in both residential and home care. Concerns about the availability of suitable aged care services that meet specific health and lifestyle needs can add to the stress and are a reason for planning ahead.
Transparency and accountability: There is a growing demand for transparency and accountability within the aged care sector. People want clear information about the standards of care and safety records of aged care providers. They also want assurance that mechanisms are in place to address any concerns or complaints promptly.
The government has been embarking on a program of change, with aged care reforms to address concerns. The aim is to instil greater confidence that the aged care sector is safe and effective while improving the overall experience for older people.
Fear of the unknown adds to stress levels, so start your planning early. Don’t wait for the crisis to occur.
Start by talking to us about your future plans and concerns. We can help you sort the financial aspects and direct you to other services and resources where you need further help with choosing, evaluating or understanding how aged care will work. Star ratings on the MyAgedCare website can also help to evaluate and compare providers.
Addressing your worries will require a comprehensive understanding of available options, financial planning, and advocacy for the best possible care. These are decisions that you should not make alone.Top of Form
Learn more about our approach to strategic aged care advice here. Then, reach out to our team to get started here and remove some of the stress and worry from your future care needs.
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Meet Andrew Wem. A financial Adviser for over 25 years, Andrew brings a wealth of experience around issues that help bring solutions that others would have never thought about. Helping people through divorce, death, starting a family, or moving a loved one into aged care—you need to have dealt with these things to know how to help others through them. He is an Aged Care Specialist Adviser.
Contact Andrew here to discuss how he can help you.
IMPORTANT INFORMATION: This document has been prepared by Aged Care Steps Pty Limited, ABN 42 156 656 843 AFSL 486723, based on our understanding of the relevant legislation at the time of writing. While every care has been taken, Aged Care Steps Pty Limited makes no representations as to the accuracy or completeness of the contents. The information is of a general nature only and has been prepared without consideration of your individual objectives, financial situation or needs. Before making any decisions, you should consider the appropriateness for your personal investment objectives, financial situation or individual needs. We recommend you see a financial adviser, registered tax agent or legal adviser before making any decisions based on this information. Current as at 12 July 2024.