Boronia View Club

from Find Maroondah - June 2023 Edition

TUTORS CLASS LEADERS FOR RINGWOOD U3A

Have you ever thought about becoming a foster carer?

VACCA are seeking carers from all walks of life to care for Aboriginal children from the ages of 0 to 18. VACCA offers Emergency, Respite, Short and Long Term Care.

Reach out today for more information using the link www.vacca.org/page/get-involved/foster-care

Retirement

By Warren Strybosch

Moving into aged care in Australia can be a complex and overwhelming process, but there are several things you should know to help make the transition smoother.

First, it's essential to understand the different types of aged care services available in Australia, including home care, residential aged care, and respite care. Each type of care has different eligibility criteria, costs, and benefits, so it's crucial to research and understand which type of care best meets your needs.

Second, you'll need to undergo an assessment by the Aged Care Assessment Team (ACAT) to determine your eligibility for government-funded aged care services. ACAT assessments can take time, so it's best to start the process early.

Third, you'll need to consider the costs associated with aged care. Depending on your financial situation, you may be required to contribute to the cost of your care. It's important to understand the costs and fees associated with aged care and explore any available financial assistance options.

One of those fees is the RAD which stands for Refundable Accommodation Deposit, and it is a key concept in relation to aged care in Australia.

When an individual moves into residential aged care, they may be required to pay an accommodation fee to cover thecost of their room and amenities. This fee can be paid as either a lump sum RAD, a daily accommodation payment (DAP), or a combination of both. The price is for residents who are not eligible for Australian Government assistance.

Each residential aged care provider sets their own price for different kinds of rooms. You must publish the prices as:

• a lump-sum RAD amount

• an equivalent daily accommodation payment (DAP)

• an equivalent combination of both

The resident chooses the payment option they prefer.

The RAD is refunded when the individual leaves aged care or passed on to their estate. The amount of the RAD is determined by the aged care provider and can vary depending on factors such as location, facilities, and demand.

The RAD is regulated by the Australian Government's Aged Care Pricing Commissioner, who sets maximum amounts that providers can charge for RADs. The current maximum RAD amount is $550,000, but providers may charge lower amounts (Source: https://www. ihacpa.gov.au/).

It's important to note that the RAD is different from the means-tested care fee, which is a separate fee based on an individual's income and assets. The means-tested care fee is not refundable and is used to help cover the cost of care. Before approaching an Aged Care provider or undergoing your assessment by ACAT, it is important to seek financial planning advice. Seeking advice can potentially save you thousands in fees. There are financial planners who specialise in providing Aged Care advice and in the future they can be found at www.findagedcare.serviceswebsite

Finally, it's essential to choose the right aged care provider for your needs. Research providers in your area, read reviews, and consider factors such as staff qualifications, facilities, and services offered..

Overall, moving into aged care in Australia can be a complex process, but with the right information and preparation, you can make the transition as smooth as possible.

Warren Strybosch

Award winning Financial Adviser and Accountant

Part of the Find Group of Companies

You can call them on 1300 88 38 30 or email info@findretirement.com.au www.findretirement.com.au

Financial Planning is offered via Find Wealth Pty Ltd ACN 140 585 075 t/a Find Wealth. Find Wealth is a Corporate Authorised Representative (No 468091) of Alliance Wealth Pty Ltd ABN 93 161 647 007 (AFSL No. 449221).Part of the Centrepoint Alliance group https://www.centrepointalliance.com.au/

Warren Strybosch is Authorised representative (No. 468091) of Alliance Wealth Pty Ltd.

This information has been provided as general advice. We have not considered your financial circumstances, needs or objectives. You should consider the appropriateness of the advice. You should obtain and consider the relevant Product Disclosure Statement (PDS) and seek the assistance of an authorised financial adviser before making any decision regarding any products or strategies mentioned in this communication.

Whilst all care has been taken in the preparation of this material, it is based on our understanding of current regulatory requirements and laws at the publication date. As these laws are subject to change you should talk to an authorised adviser for the most up-to-date information. No warranty is given in respect of the information provided and accordingly neither Alliance Wealth nor its related entities, employees or representatives accepts responsibility for any loss suffered by any person arising from reliance on this information.

Helping To Protect You And Your Family

Joanna is highly qualified and experienced in the osteopathic assessment and treatment of babies and infants.

She can assist with the following assessments:

• Gross motor development (milestones)

• Primitive reflexes

• Tongue function and it’s relation to sucking skills •

Lactation Consulting

IBCLC lactation consultants are recognised around the world as the experts in lactation care. They provide evidencebased knowledge to assist mothers to establish and maintain breastfeeding. As professionals, they are charged with promoting, protecting and supporting breastfeeding.

Joanna can help with a broad range of lactation consulting services, including: