It’s not surprising that seniors and their families are getting angry about this. But I am surprised by how long it took for this anger to appear in the community.
These reforms do make the aged care system in Australia more sustainable, but it is definitely a move towards “user pays” with increases in fees, charges, & means-testing. Getting financial advice will be more important than ever before, and aged care financial planners will be needed to help families manage cash-flow, costs, payments and financial outcomes.
If you are confused by the new aged care rules and need help, please feel free to call our office for assistance on (07) 3229 0023.