Unlicensed aged care advice could hinder your later retirement years

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Families need advice they can trust on the often complicated fee structures of aged care homes.

Older Australians and their families are being warned to be careful about seeking the help of unlicensed and unregulated advisers and consultants when planning how to structure their finances to afford aged care.

She says aged care advice is often sought quickly, at a time when emotions of the person seeking aged care and their family are raw. There is a view by some aged care advisers and consultants that, as they are only giving “information” regarding the refundable accommodation deposit or daily accommodation payment, they do not need to be regulated.for those looking at options for aged care and information on associated costs. The website allows users to select a pool of aged care homes that can be ranked according to a government endorsed “star rating”, with the search limited to a particular area.

Source: Real Estate Daily Report (realestatedailyreport.net)

 

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