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What worries you about aged care?

September 2, 2024

If you are worried about the need to access aged care, you are not alone. When the time comes it can be daunting, with a lot of new information to take in and many decisions to make.  The responsibility to make the right decision for yourself, or a loved one, may weigh heavily on your mind. 

From our experience, the four of the most common worries that people raise include:

Quality of care: One of the main concerns is whether the quality of care provided will meet needs and expectations. Reports of inadequate staffing, neglect, or instances of abuse have contributed to this worry. People are often afraid that they might not receive the attention and respect they deserve and want assurance that care will be provided by competent and compassionate carers.

Cost and affordability: Financial considerations are likely to be a significant worry. Costs can vary widely depending on the type of care required and your financial situation. Understanding what government subsidies are available and how much you will be asked to contribute, as well as how to fund other expenses, requires careful planning.

Access and availability: Many people are experiencing waiting lists and long delays to access aged care services, in both residential and home care. Concerns about the availability of suitable aged care services that meet specific health and lifestyle needs can add to the stress and are a reason for planning ahead.

Transparency and accountability: There is a growing demand for transparency and accountability within the aged care sector. People want clear information about the standards of care and safety records of aged care providers. They also want assurance that mechanisms are in place to address any concerns or complaints promptly.

The government has been embarking on a program of change, with aged care reforms to address concerns. The aim is to instil greater confidence that the aged care sector is safe and effective, while improving the overall experience for older people.

Fear of the unknown adds to stress levels, so start your planning early. Don’t wait for the crisis to occur.

Start by talking to us about your future plans and concerns. We can help you sort the financial aspects and direct you to other services and resources where you need further help with choosing, evaluating or understanding how aged care will work. Star ratings on the MyAgedCare website can also help to evaluate and compare providers.

Addressing your worries will require a comprehensive understanding of available options, financial planning, and advocating for the best possible care. These are decisions that are best not to make alone.

Call us on 03 9723 0522 to get started and remove some of the stress and worry from your future care needs.

This information is of a general nature and does not take into consideration anyone’s individual circumstances or objectives. Financial Planning activities only are provided by Integrity One Planning Services Pty Ltd as a Corporate Authorised Representative No. 315000 of Integrity Financial Planners Pty Ltd ABN 71 069 537 855 AFSL 225051. Integrity One Planning Services Pty Ltd and Integrity One Accounting and Business Advisory Services Pty Ltd are not liable for any financial loss resulting from decisions made based on this information. Please consult your adviser, finance specialist, broker, and/or accountant before making decisions using this information.

Filed Under: Blogs, News

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Integrity One Planning Services Pty Ltd (ABN 59 125 846 933) is a Corporate Representative (315000) of Integrity Financial Planners Pty Ltd (AFSL No. 225051).