Relax About Your Next Residence!

Fri, 9 July 2021

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If you are worried about the cost of going into an aged care residence which will cater to the specific requirements of your health, here are the five components involved: the cost of accommodation; the basic daily fee, which covers day to day costs such as facility management; meals and laundry; the means-tested care fee, which is used to offset the government funding for your care; the cost of extra or additional services, which covers things such as entertainment; and your own personal expenses, such as medications, birthday presents and clothing. The amount you pay towards your accommodation and means-tested care fee is calculated based on a formula that combines an asset-tested amount and an income tested amount. For a single person with assets below $50,500 and income below $27,841 a year, the accommodation contribution would be zero and there would be no means-tested care fee.

In other news we explore how to age into a profession, and we read this poem, of unknown provenance, which is much longer then the snippet below, which many of you will relate to:

Another year has passed
And we're all a little older.
Last summer felt hotter
And winter seems much colder.

There was a time not long ago
When life was quite a blast.
Now I fully understand
About 'Living in the Past'.....
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Ageing with Attitude is broadcast every second Saturday at 4pm and is read to you by Teresa Plane.