Experts stress that financial help means independence for life

Key points

• Moving into an aged care home may be stressful when needing to make arrangements regarding belongings, adjusting to new surroundings and the fear of losing independence
• Finding the right financial planner who understands your specific situation can help you navigate aged care home options
• PrimeCare Financial Planning is an independent aged care financial specialist organisation that aims to help its clients transition smoothly into aged care, guided by friendly experts

SPONSORED — Making arrangements for yourself or someone you love to go into aged care can seem stressful, especially when some unexpected decisions may need to be made quickly. 

For example, if you fall at home and need to go to the hospital, going home after may not be the safest option and moving into aged care may be necessary. Such changes can involve a person’s need to adjust to new surroundings and routines quickly while a fear of losing independence may also exist. 

With over 50 percent of senior Australians being older than 85 years when they first become an aged care home resident, there’s no surprise that making decisions quickly is important to ensure quality of life. The average life expectancy for Australians is currently around 83 years, meaning that when many Australians consider essential aged care, they may not have much time to make such decisions.

When moving into aged care, multiple aspects must be considered regarding your financial situation to ensure that you can afford appropriate care and avoid making any financial mistakes regarding your current assets. Learning what a financial advisor does may help you understand more about how they can help you manage your finances when moving into an aged care home. Finding an organisation that specialises in financial planning related to aged care doesn’t have to be difficult, and it’s helpful when you can make decisions efficiently.

Since 2007, PrimeCare Financial Planning has been helping older Australians manage their financial concerns related to moving into aged care homes and the associated costs and ever-changing regulations. 

With consultations and discussions available in person or through teleconferencing, your financial planner at PrimeCare Financial Planning will tailor their guidance to your needs and situation. This organisation offers flat fees with no hidden costs to reduce your stress when navigating aged care options for yourself or a loved one.

In addition to financial consultations, PrimeCare Financial Planning can assist you with aged care home placements, Centrelink and Department of Veterans’ Affairs concerns, along with negotiating the Refundable Accommodation Deposit and other additional fees. 

However, rather than solely focusing on a client’s financial situation, the financial planners at PrimeCare Financial Planning know that providing understanding and a friendly ear can make all the difference when decisions may need to be made quickly. 

According to the founder and co-director of PrimeCare Financial Planning, Erika Wilke, providing a tailored financial service and understanding the aged care system is essential. Through personalised discussions, Erika, Robert and their team help clients feel in control of their situations, enabling clients to spend more quality time with loved ones.

“[The explanations are] precise and concise because there’s only so much our clients can comprehend with all the emotion and anxiety being experienced,” said Erika. 

As the co-director of PrimeCare Financial Planning, Robert Martin understands that organising aged care home residencies may seem to be a stressful time for families, but says that it doesn’t have to be that way.

“[We are] turning their experience from a negative into a positive,” said Robert.

PrimeCare Financial Planning’s advisors want to ensure that every client understands the next step in their journey into an aged care home and is given the utmost care.

With PrimeCare financial planners having assisted thousands of older Australians to navigate the financial aspects of the aged care industry, Erika does not doubt that PrimeCare Financial Planning will continue to provide expert financial guidance to Australians for many years to come.

“Our advisors and staff are very good at what they do,” said Erika.

To get in contact and start getting expert advice about your financial situation, call 1300 853 875 or visit the PrimeCare Financial Planning website. 

What are your top priorities when moving into an aged care home?

 Let the team at Talking Aged Care know on social media. 

For more information and news in the aged care industry, subscribe to our free newsletter. 

Relevant content:

Understanding pension payments

Why July is critical for the aged care sector

What does technology have to do with Alzheimer’s disease?