Residential aged care strategies | Accurium

Residential aged care strategies

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The aged care system has been subject to considerable change over the last few years. The Living Longer Living Better reforms will continue until June 2017. As part of these reforms, significant changes were made to residential aged care from 1 July 2014 with new residents given more choice to pay for their accommodation and new rules for calculating ongoing care fees. Correctly structuring accommodation payments and investment strategies can produce significant benefits.