Aged Care
Secure Your Future with Specialist Aged Care Advice and Planning
Whether you’re considering a move into an aged care facility or seeking help at home, understanding your options is critical to making informed decisions and ensuring a smooth transition.
Navigating eligibility – whether for yourself or a loved one – can be overwhelming, emotional, and complex. GDA can assist you plan ahead through the various care options available to you, the costs associated with them and the best way to restructure your finances to pay for the appropriate care.
Types of Care
A variety of services are available to help maintain your quality of life as you age:
Help at Home
Support services can include help with cooking, cleaning, personal care (bathing, dressing), and mobility. These services enable you to retain independence and continue living in your own home for as long as possible.
Short-Term Care
Short-term care provides temporary support to help with daily tasks or rehabilitation. This may include respite care, transition care, or restorative care, depending on your needs. Its goal is to maintain or regain independence.
Residential Aged Care (Nursing Homes)
These facilities offer residential care for individuals who can no longer live independently. Services typically include accommodation, medical support, personal care, and social engagement in a safe environment.
To access any of these services, you’ll need to undergo an eligibility assessment through the Aged Care Assessment Team (ACAT), which provides free evaluations to determine the appropriate level of care.
The Importance of Aged Care Financial Planning
While many prefer to remain in their homes, changing health or financial circumstances may eventually require alternative care arrangements.
Planning in advance can ensure:
- You receive the care and support you need if you become unable to care for yourself
- Your family understands your preferences in the event of serious illness
- Your Will and estate plan clearly outline how your assets should be managed
In our experience, aged care is a highly personal and often one-time decision, made during a period of significant stress. Without expert financial guidance, opportunities can be missed, leading to increased costs and compromised quality of life.
GDA financial planners specialise in providing clear, tailored advice on:
- Understanding and structuring aged care costs
- Managing the Accommodation Payment which is the way residents contribute to the cost of their
accommodation in residential aged care. - Navigating Centrelink and DVA income and asset assessments for aged care eligibility and subsidies
- Maximising entitlements while minimising financial stress
The Benefits of Professional Aged Care Planning
Working with GDA’s experienced advisers means you benefit from:
- The ability to remain in your home longer, with confidence and comfort
- Assurance that your wishes will be respected and implemented
- Strategic financial planning to preserve your portfolio and ensure long-term security
- Guidance for multi-generational planning, so your family is not left disadvantaged due to lack of information or preparation
Our role is to ensure you have accurate, timely information – walking you through every step of the process so you and your family can make sound, confident decisions about your future care, wellbeing, and peace of mind.