Relax About Your Next Residence!

Fri, 9 July 2021

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'.....

Ageing with Attitude is broadcast every second Saturday at 4pm and is read to you by Teresa Plane.