Slowly, some might say stealthily, the government is putting a greater onus on Australia’s elderly – and their families – to stump up a greater amount for their aged-care fees. On January 1 this year, the government introduced rules that made it harder for people who are entering residential aged care to collect a pension. More than 100,000 Australians lost their pensions and more than 200,000 had their pension reduced as a result of the new rules. Now...
Managing Director, Joseph Palmer & Sons (Vic)
Rodney is committed to providing quality independent Financial Advice and, more recently, Aged Care advice to assist families transitioning loved ones from home to an Aged Care facility. Rodney is also committed to contributing to community and to mentoring young adults.
The professional standards and pricing structures of retirement communities are back in the news once again for the wrong reasons.
It is certainly the case most Australians pay way too much for residential aged care. In fact, some pay hundreds of thousands of dol- lars too much, particularly if they rush into signing a contract with- out looking at the options avail- able.
The major sharemarket-listed companies are the biggest offend- ers because of the pressures they have from shareholders...