Care Cost Analysis

Navigating Aged Care Costs with Confidence

Understanding the financial aspects of aged care can be daunting, but at Astute Care, we strive to make it straightforward for you. Our aim is to help you understand the costs associated with aged care, ensuring you have peace of mind as you or your loved ones transition into this new phase of life.

Breaking Down the Costs

At Astute Care, we provide clear explanations of the various costs associated with aged care. These include:

  • Daily Care Fees: Regular payments for the day-to-day care services you receive

  • Home Care Fees: Costs related to receiving care in your own home

  • Residential Aged Care Fees: Expenses incurred when living in a residential aged care facility

  • Centrelink Benefits: Financial support available to eligible individuals

  • Government Support: Assistance provided by the government to help cover aged care costs

  • Other Resources: Additional financial aids and resources that may be available to you

Our goal is to provide you with a comprehensive understanding of what you’re in for, so you can plan accordingly and avoid any financial surprises.

Real-Time Facts and Figures

We offer real-time facts and figures based on your specific financial situation. We provide accurate and up-to-date information to help you make your own informed decisions. Our personalised approach ensures that you have a clear picture of the fees you can expect.

Pre and Post 1 July 2025 Rule Changes

Understanding the impact of rule changes on aged care fees is crucial. We help you compare the fees payable under the pre and post 1 July 2025 regulations. This comparison allows you to see how these changes might affect your planning and helps you make the necessary adjustments to stay on top of your aged care costs.

Understanding RADs and DAPs

We explain the concepts of Refundable Accommodation Deposits (RADs) and Daily Accommodation Payments (DAPs), which are common payment options in residential aged care. Understanding how these payment methods work can help you choose the best option for your financial situation. We provide detailed explanations and examples to ensure you fully grasp these concepts.

The Role of the Family Home

The family home often plays a significant role in funding aged care entry. We explain how your family home is assessed for aged care fees and Centrelink/DVA purposes. Understanding this can help you make strategic decisions about your property and how it fits into your overall financial plan.

Professional Advice

While we offer extensive information and support, it’s important to note that Astute Care does not provide financial planning, accounting, or legal advice. However, effective aged care planning can complement your financial and estate planning. By respecting your wishes, minimizing estate losses, and encouraging cooperation among family members, this ensures a smoother transition into aged care.

Connecting You with Financial and Estate Planning Services

If you don’t have financial and estate planning in place, we can assist you in finding appropriate services local to you. Having a robust financial and estate plan is crucial for a holistic approach to aged care planning. We help you connect with trusted professionals who can provide the necessary financial and legal guidance.

Start Your Planning Today

Effective aged care planning requires a comprehensive understanding of the costs involved and the resources available to you. At Astute Care, we are dedicated to providing you with the information and support you need to navigate this complex landscape with confidence. By starting your planning early and making informed decisions, you can ensure that your financial needs are met and your care preferences are respected.

Contact us today to schedule a consultation and learn more about how we can assist you in planning for your aged care needs. Our team is here to provide expert advice, personalised support, and valuable resources to help you make the best decisions for your future. Let Astute Care be your guide to navigating aged care costs with confidence and clarity.