WA Aged Care Financial Solutions

WA Aged Care Financial Solutions An experienced provider of financial solutions for Aged Care residents.

General Advice Warning
All information on this page is general in nature and takes no account of any individual's personal circumstances or needs. Accordingly, nothing on this page should be construed in any way as being personal financial advice. WealthForm Pty Ltd ABN 88 132 254 061, trading as WA Aged Care Financial Solutions, is a Corporate Authorised Representative of Moray Pty Ltd ABN 24 608 041 774 AFSL 480196

23/12/2022

WA Aged Care Financial Solutions wish you and your family a very Merry Christmas and a safe and Happy New Year.

Our office will be closed from 23 December 2022 and we’ll be back on 3 January 2023 to help with any queries.

If you wish to find out more about your financial journey into Aged Care give us a call on 1300 827 229.

Everyone here at WA Aged Care Financial Solutions wish you and your family a very Merry Christmas and a safe and Happy N...
23/12/2021

Everyone here at WA Aged Care Financial Solutions wish you and your family a very Merry Christmas and a safe and Happy New Year.

Our office will be closed from 24 December 2021 and we’ll be back on deck 4 January 2022 to help with any queries.

If you wish to find out more about your financial journey into Aged Care give us a call on 1300 827 229.

Making a decision for you or a loved one to make a move to residential Aged Care can be very difficult, on all sorts of ...
16/12/2021

Making a decision for you or a loved one to make a move to residential Aged Care can be very difficult, on all sorts of levels. There will often be conflicting opinions within the family about what you SHOULD do…here are some of the things we feel you should NOT do without seeking advice from a specialist:

- Believe you fully understand the Aged Care puzzle as it applies to your circumstances
- Believe you can't afford any of the options that appeal to you
- Decide how to pay Aged Care fees before understanding all of your options.
- Decide to rent out your home without fully understanding the options and consequences
- Decide you are going to have to sell your home before understanding the impact to your Age Pension and Aged Care fees
- Incorrectly assume that all decisions must be made before you can get the care needed.

It is also important to make sure that everyone impacted has the opportunity to speak and to ask questions.

Let WA Aged Care Financial Solutions help you find peace of mind.

For more information you can visit our website at: www.agedcarefswa.com or call 1300 827 229.

Financial Advice for Aged CareThe financial implications of Aged Care are complex, with relevant facts and figures chang...
25/11/2021

Financial Advice for Aged Care

The financial implications of Aged Care are complex, with relevant facts and figures changing regularly throughout each year.

Unfortunately, seemingly simple financial decisions taken in haste can have long term detrimental financial implications. Many refer to Aged Care decision-making as a trip through a minefield – make sure you don’t get caught.

For more information you can visit our website at www.agedcarefswa.com or you can contact us on 1300 827 229.

Costs for Residential Aged CareAged Care homes charge a range of fees to cover the cost of your care, accommodation and ...
04/11/2021

Costs for Residential Aged Care

Aged Care homes charge a range of fees to cover the cost of your care, accommodation and living expenses, and these vary enormously between facilities, and from resident to resident.

Your Centrelink/DVA entitlements are affected by your level of income and your financial assets. The cost of your Aged Care is also affected by income and assets – assets which may, or may not, include the family home.

Understanding the rules and seeking specialist advice from an Aged Care financial adviser to ensure you achieve the best outcome for your personal situation is strongly recommended.

Talk to us today on 1300 827 229 to discuss how best to fund your entry into Aged Care.

Understanding the costs of Aged CareNearly half of all Australians being assessed as needing full-time residential Aged ...
04/11/2021

Understanding the costs of Aged Care

Nearly half of all Australians being assessed as needing full-time residential Aged Care move in to a facility within one month of that assessment, which is often triggered by an unexpected event, such as a fall or even a decline in health of one member of a couple, affecting both of them.

This means you, your partner or your family must make important decisions at a difficult time.

What can you do? What are your options? What will it cost? Will you keep your house and rent it out? Should it be sold? What difference does it make? What will happen to your Age Pension? How will you pay your accommodation costs? What are the fees? How will this affect your Will?

These questions often require urgent answers and there are conflicting opinions from family members and service providers, as they all now seek to help.

Throw in filling out Centrelink forms, and things can quickly become overwhelming.

WA Aged Care Financial Solutions can assist you to get the best possible financial outcome for your situation.

For more information you can visit our website at: www.agedcarefswa.com or call 1300 827 229.

At a time when your main concern is the health and welfare of loved ones, you are faced with the complex financial issue...
23/09/2021

At a time when your main concern is the health and welfare of loved ones, you are faced with the complex financial issues of Aged Care.

A specialist financial adviser can explain the rules as they relate to your circumstances, and make sure that all aspects of your financial situation are addressed. This will enable you to concentrate on finding the best place for care.

While every situation is different, there are some common questions when considering Aged Care, which can include:

· will the family home have to be sold or are there other options?
· will the Centrelink or DVA pension be lost?
· what are the Aged Care fees and how will they be paid?
· will there be enough money to afford long term care?
· will there be enough spending money?

Keep in mind, not all financial advisers are experienced in dealing with the financial complexity of entering into Aged Care. WA Aged Care Financial Solutions offers clients and their families a local, privately owned, experienced service that delivers peace of mind.

For more information you can visit our website at www.agedcarefswa.com or you can contact us on 1300 827 229.

Take a well earned rest ... taking some time out from caring is crucial and known as ‘respite’. Respite can be provided ...
16/09/2021

Take a well earned rest ... taking some time out from caring is crucial and known as ‘respite’. Respite can be provided in your own home, in a community setting or in an Aged Care home.

Respite care offers the opportunity for you or your carer to take a break. This may be for a few hours, a day, a night or even a few weeks.

Respite care is provided by residential Aged Care homes and by community care services under the Commonwealth Home Support Programme (CHSP) and is extended to people with dementia and challenging behaviours.

More information is available on the My Aged Care website (https://www.myagedcare.gov.au/respite-care).

If you wish to find out more about your financial journey into Aged Care give us a call on 1300 827 229.

A Home Care Package (HCP) provides services that will help you to remain at home for as long as possible, as well as giv...
09/09/2021

A Home Care Package (HCP) provides services that will help you to remain at home for as long as possible, as well as giving you choice and flexibility in the way that care and support is provided.
There are four types of packages available which deliver different levels of care.

The hours of care are increased at each level of care; more hours of care and services are delivered under Home Care Package Level 4 compared to Level 1.

Home Care Package services are based on your individual needs. Services may include personal assistance with bathing, showering, communication or taking your medication; domestic assistance for household jobs; food and nursing services; transport; and home maintenance for minor general repairs.

To receive a Home Care Package you will need to be assessed by an Aged Care Assessment Team (ACAT).

The Government covers most of the cost of care but you may be asked to contribute towards the cost of delivering your services. The maximum amount you may be asked to pay depends on your income and unavoidable expenses, such as pharmaceutical bills, rent, utilities and other living expenses.

For more information regarding Aged Care you can visit our website here: www.agedcarefswa.com or you can contact us on 1300 827 229.

We all know we should write a Will to make sure our loved ones are provided for when we die.But what happens if you are ...
02/09/2021

We all know we should write a Will to make sure our loved ones are provided for when we die.

But what happens if you are left unable to make decisions for yourself due to accident, illness or other circumstances? It is a common misconception that a family member can act on your behalf at this time - as they may lack the legal authority to do so.

By having an Enduring Power of Attorney in place you can nominate a family member, trusted friend or an organisation, to step in on your behalf should you be incapable of making your own decisions. You can think of doing this as a “living Will”.

There are three types of Powers of Attorney that you can consider:

• Financial – to manage financial and legal matters;
• Medical Treatment – to make medical decisions; and
• Guardianship – to make lifestyle decisions.

The best time to create an Enduring Power of Attorney is while you are healthy and still capable of managing your own affairs.

For more information about Aged Care, you can visit our website at www.agedcarefswa.com or you can contact us on 1300 827 229.

In our experience, having your financial documents all together in one place can be a real help in times of crisis. Cre...
03/06/2021

In our experience, having your financial documents all together in one place can be a real help in times of crisis.

Creating a file (either a traditional ‘paper based’ file, an electronic version or perhaps both if you feel more comfortable) for bank statements, investment reports, share portfolio details, pension account details, Centrelink information and private health insurance, makes it much easier to assess your financial situation should the need arise.

Of course, this is good practice for people of any age – and making sure a trusted person knows where your records are, is also sensible.

For more information about Aged Care, you can visit our website at www.agedcarefswa.com or you can contact us on 1300 827 229.

In our business we hear lots of questions about moving into an Aged Care facility, including …How will I know if an Aged...
27/05/2021

In our business we hear lots of questions about moving into an Aged Care facility, including …

How will I know if an Aged Care facility will suit me or my loved one?
The best way to get an idea on whether a facility suits is to visit and, if possible, speak to the staff and to the people living in the home. If you are visiting or on a tour, take the time to talk to other residents about their thoughts and experiences.

Another way to assess suitability is to see if respite care is available - there may be an opportunity to register for respite and experience a short-term stay.

Am I free to ‘come and go’ as I please?
You are able to leave your Aged Care facility for up to 52 nights in a financial year. This is called ‘social leave’. This 52 day allocation period cannot be increased.

What if I need to go to hospital?
The time you spend in hospital will not count towards your social leave, but you’ll still have to pay your usual fees and payments. The Government will continue to pay appropriate subsidies to your Aged Care home while you are in hospital.

Talk to us today on 1300 827 229 to find out more about your financial journey into Aged Care.

Address

Unit 1, 61 Flynn Street
Wembley, WA
6014

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+611300827229

Website

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