Financial Advice & Legal Issues
Costs of aged care homes
It can be very confusing working out the various types of nursing home fees and charges involved in residential aged care. Always seek financial advice before committing yourself to a particular type of residential aged care.
Legal issues - sorting them out early on
It can be very awkward giving financial advice or talking about legal issues with an ageing parent or family member. However, delaying these discussions can lead to major repercussions in the future.
Carer benefits and carer payments
If you are caring for a frail, older family member you could be entitled to government benefits and entitlements.
What is an accommodation bond?
An accommodation bond (the bond) is an amount a resident of an aged care home may be asked to pay when they require low care or enter an extra service residential aged care place.
It is like an interest free loan to the aged care home and by law it must be used by the nursing home to improve building standards, and the quality and range of aged care services provided.
Nursing home fees- what is an accommodation bond?
This is an edited extract from Aged Care Homes - The Complete Australian Guide by Val Nigol and Anthea Wynn reproduced with the permission of Litehouse Books.
Who can make decisions regarding my parent's medical care?
Doctors by law have to get consent from a patient before carrying out any proposed medical treatment.
Financial advice for carers: Tips for managing a family member's finances
If you are caring for an ageing family member make sure you have made the necessary financial and legal arrangements to help you in your role.
Disclaimer: This site is for information purposes only and should not be used to diagnose or treat a health problem, nor as a substitute for professional advice with a qualified health professional or doctor.
