Michelle Reed
Caring

Why everyone should consider their own aged care now

Whether you want to think about it or not, as you age, the reality is you (or a loved one) might be faced with the decision of whether or not to transition into an aged care home.

In order to make sure you’re not making this important life decision in a rush, it is a good idea to plan out your future sooner. Here are some factors to consider when planning your aged care.

Mental preparation – While you’re still able, discuss with your loved ones whether an aged care home might suit your needs in the future. If it is, you’ll need to prepare mentally for the change in lifestyle you might experience, including potential feelings of loss of independence and privacy.

Talk to people you know who have made the transition themselves so that you get a better idea of what you could expect in your future. The transition might seem scary at first, but the more time you have to prepare mentally, the easier it can be.

Financial preparation – Aged care varies in price per individual according to your financial circumstances, as decided by the government on a case-by-case basis.

Visit My Aged Care to find out more about how the fees work and the amount you might be expected to pay when you transition into an aged care home.

Selling your home – If you’re moving, you might want - or need - to sell your home to offset any financial burden. Selling a home can take months, so it’s a good idea to plan ahead.

Should you find yourself in an emergency situation where you need to move out of your home quickly, you could end up settling for less than your home is worth. Make a plan now to help you avoid potential financial complications later, seeking independent financial advice is recommended before entering aged care. Consider meeting an accredited financial adviser to discuss your options. The Aged Care Financial Guidance Panel can connect you and your family to a panel of accredited financial advisers who can guide you through the financial decisions in the transition into aged care.

Finding care to suit needs – Aged care homes are certainly not a one-size-fits all situation. While you have the time, visit prospective homes and try to picture yourself living there. Study the atmosphere, talk to current residents, check cost, accessibility, and interact with the staff to see if it’s the kind of place that suits your needs.

Take the time to search for a home that is what you want, rather than choosing one last minute. Find a home that feels right to you and make sure to get on the waiting list in advance to reduce your chances of missing out!

Any advice provided in this article is general only and does not take into account your personal circumstances.

Download Bupa’s Choosing A Care Home app or PDF file to help make your decision easier.

This information is general information only and does not take into account your individual circumstances

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Related links:

Tips for choosing a retirement village

Tips for selling up and planning for retirement

Why are a record number of Aussies accessing super early?

Tags:
health, wellbeing, Aged care, caring