Transitioning from home care to residential aged care | Accurium

Transitioning from home care to residential aged care

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People generally want to stay in their family home for as long as they can and home care packages can help them do this. However a person’s health may decline, leading to a greater need for care, making permanent residential aged care the most common reason for leaving a home care package service.1 In this month’s article we explore some issues a care recipient should consider for a smooth transition to permanent residential aged care, and look at how advisers can help clients plan during this phase.


Disclaimer

This information is provided by Accurium Pty Limited ABN 13 009 492 219 (Accurium). It is factual information only and is not intended to be financial product advice, legal advice or tax advice, and should not be relied upon as such. The information is general in nature and may omit detail that could be significant to your particular circumstances. The information is provided in good faith and derived from sources believed to be accurate and current at the date of publication. While all care has been taken to ensure the information is correct at the time of publishing, superannuation and tax legislation can change from time to time and Accurium is not liable for any loss arising from reliance on this information, including reliance on information that is no longer current. We recommend that you seek appropriate professional advice before making any financial decisions.