Aged care guide
Aged care financial advice
Seek independent advice
There are many aspects to consider when planning your finances for aged care and knowing where to start can be confusing and overwhelming.
Therefore, we recommend that you visit an independent financial planner. They can help you make appropriate choices for your circumstances and guide you through the decisions regarding the transition into aged care.
Financial guidance and online resources
You can find more information and financial resources for aged care on the My Aged Care website.
Services Australia has a free service called Financial Information Services which can inform and educate you about financial matters and help you understand your aged care costs. You can visit their website for more information or call them on 132 300 and asking for the Financial Information Service.
OPAN advocates can also support you in understanding costs, options and alternative solutions for aged care.
You could also visit the MoneySmart website, which includes valuable tools and resources to help you manage your money.
The Australian Securities and Investments Commission (ASIC) has produced a booklet called Financial Advice and you - Where to start to help you make choices about your personal finances. It includes practical information on choosing a financial planner and understanding payment options.
If you are considering a Bupa aged care home and you want to learn more about cost and payments, contact our friendly Customer concierge team at 1800 957 237. They can provide you with general advice and support.