Aged Care Services
Before you or your loved one can settle in to a residential care home, there is the important matter of arranging the payment of your care fees and accommodation.
How much you pay for the Refundable Accommodation Deposit (the upfront lump sum payment required for your care facility) and the Daily Accommodation Payment is something that requires careful planning. Your house may come into the equation and your other assets may also need ongoing management in order to continue paying your fees.
KRA Wealth Management can help you calculate your care and accommodation fees to make sure you aren’t paying more than you have to and your assets are continuing to work in the best way possible for you.
Even people with a seemingly straight forward aged care situation can still have many questions and concerns. We are available to answer all of your questions and comfortably put you in a position to decide whether you need further advice.
You might find yourself in a situation where you are faced with a number of options to pay your fees but have several different assets that are complicating matters. In such cases, we can outline a range of scenarios for your consideration. Included in the advice will be calculations to highlight how you can:
- Maximize your cash flow
- Minimize your fees
- Maximize your pension
- Safeguard your assets
- Either keep or sell your home.
Chris Galanis has over 10 years’ experience in the aged care sector and is an accredited aged care adviser.
His experience ranges from previously managing finance departments in aged care facilities to providing financial advice for prospective residents looking to enter a care home.
Chris has a thorough knowledge of the aged care fee structure and Centrelink. This enables him to determine what fees will be paid and present to you the different options you will have in making the payments.
His knowledge of the inner workings of care facilities and experiences with residents and their families helps Chris provide a discerning advice service. His aim during this process is to maintain you or your loved one’s wishes.
Please contact us on 03 9863 7666 or visit our website by clicking on the link above.