How much will aged care services cost for my parent, and what if we can’t afford it?
Worrying about the costs of aged care is completely natural. Understanding how these costs work can help you make informed decisions and ease some of the financial stress. Here’s what you need to know:
How Aged Care Costs Work
The amount you pay depends on a few key factors:
- Type of Care Needed: Whether it’s home care, short-term care, or an aged care home.
- Provider Choice: Different providers may charge different fees.
- Financial Situation: Your parent’s income and assets might affect the costs.
- Services Received: The type and level of services required.
The good news is that many aged care services are government-subsidised, which means the government helps cover part or all of the costs. This makes care more affordable for families.
Understanding Costs for Different Types of Care
- Commonwealth Home Support Programme (CHSP): For basic help at home (e.g., cleaning, personal care). Fees are generally low and set by each provider.
- Home Care Packages: For more comprehensive home support. Costs depend on the package level and your parent’s means assessment.
- Aged Care Homes: For full-time residential care. There are fees for accommodation, daily living expenses, and care services, based on a means assessment.
- Short-Term Care: Includes respite care, transition care, and restorative care. Costs vary but are often capped by the government.
You can explore specific costs and fees for each type of care on the My Aged Care website or by calling 1800 200 422 for guidance.
What if We Can’t Afford It?
If you're worried that your parent can’t afford aged care, help is available:
- Financial Hardship Assistance: If your parent qualifies, the government can cover some or all of their aged care costs. This applies to home care, respite care, and residential care.
- Talk to Providers: Discuss your financial concerns with potential providers. They can often work with you to find a solution.
You can learn more about financial hardship assistance here or by calling My Aged Care.
Getting Financial Advice
Seeking financial advice can help you feel more confident about your choices:
- Free Services: You can access free financial advice through Services Australia’s Aged Care Specialist Officers (ACSOs) and the Financial Information Service (FIS).
- Home Equity Access Scheme: This scheme can provide extra financial support if needed.
Don’t hesitate to ask for help. You’re not alone in navigating this process, and there are resources to support you every step of the way. Call My Aged Care on 1800 200 422 for more information.
