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Aged care

This Month

A home care package can provide support if the recipient spends time away from home during the holidays.

How to enjoy a family Christmas with all the help you need

Elderly people spending time away from their regular home during the holiday season can be eligible for extra government-funded support.

  • Bina Brown
Aged Care Minister Anika Wells will chair the last meeting of the Aged Care Taskforce on Friday.

Appetite for user pays in aged care, says government

The government is softening up voters for increased aged care fees, citing polling that claims people are willing to pay up to 40 per cent of the cost.

  • Phillip Coorey
Economists are concerned a suite Australians lack support to make the most of their growing super balances.

How Chalmers can solve the key dilemma for retirees

Australians lack options for help and support on superannuation, but the X factor may be on the horizon.

  • Alexis George
Jim Chalmers.

Improve retirement products, Jim Chalmers warns super funds

The Treasurer said uncertainty about expenses, particularly in the latter part of retirement, including aged care, lead to many retirees retain more money than needed.

  • Ronald Mizen

November

Mowing, fertilising and regular watering cause green spaces to often have a similar mix of microbes just beneath the soil in different parts of the world.

Aged care taskforce to overhaul at-home cleaning, gardening

The government’s aged care taskforce is poised to recommend retirees living at home contribute more than just the 2 per cent they currently pay for the cost of at-home care services such as cleaning and gardening.

  • John Kehoe
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Generally there is a basic interest rate of 2.25 per cent a day which is payable to the outgoing resident (or their estate) if the provider takes more than 14 days to refund the RAD.

Worried about deposit refund? You’re protected by 8.15pc ‘late fee’

Moving between aged care facilities is easier than you think. This is how it works.

  • Bina Brown
Opposition health spokeswoman Anne Ruston.

Government opts for user-pays approach on aged care

Labor has all but confirmed that those with greater means will pay more for their aged care.

  • Phillip Coorey

October

Opposition health spokeswoman Anne Ruston.

Aged care secrecy risks bipartisan approach: opposition

The opposition says the Albanese government is risking political goodwill by refusing to release the interim report by its aged care taskforce.

  • Phillip Coorey
Fender Katsalidis partner Rosie Morley.

Turning old hotels into homes may ease housing crisis

Australia’s housing shortage means the country needs more of a stock boost than it can build from scratch. And, there’s one ageing asset class that might help.

  • Michael Bleby

The $700,000 deposit that can save you $57,000 in fees

You may balk at handing over such a large sum of money moving into residential aged care, but it is refundable and saves on other costs.

  • Louise Biti
House prices are back on the mind of the RBA.

RBA’s housing pain drives PEP’s and Mirvac’s $1b bet

The RBA is growing increasingly worried that the housing crisis will last years. Mirvac and Pacific Equity Partners are betting it will.  

  • Updated
  • James Thomson
Bain Capital won over the Estia Health board with its $838 million buyout offer in August.

Bain Capital-backed Estia in $400m-plus BlueCross auction

Corporate advisor Canterbury Partners has been tapped to run the auction and received indicative bids over the weekend.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Aged care

Big super rejects government call to solve aged care funding crisis

While Labor flags nation-building aged care, super funds resist using Australians’ savings as a “fix-all” source of needed revenue.

  • Updated
  • Hannah Wootton
aged care at home online

The government subsidy you can get no matter how wealthy you are

If you want to stay in your own home as you get older, understanding how the finances work – and what support is available – can help you make the right decisions.

  • Louise Biti

September

Assistant Treasurer Stephen Jones advocates the use of super to help fund aged care.

Government advances plans to use super for aged care

The Albanese government has invited superannuation industry representatives to the next meeting of its aged care taskforce.

  • Phillip Coorey
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Scott Kirkland with one of EM Vision’s portable imaging devices.

Portable brain imaging company wins healthcare award

EM Vision named the top innovator in the health category in the 2023 AFR BOSS Most Innovative Companies list.

  • Sally Patten
The rent equivalent on a $550,000 room will jump from $119.04 a day to $122.80 a day.

Rents are rising in age care facilities, too

The equivalent to daily rent on a room in residential aged care will increase from 7.9 per cent to 8.15 per cent from October 1.

  • Bina Brown

Family help and other mistakes to avoid in aged care

Errors with planning and funding can be costly and difficult to rectify. Here is what you need to know.

  • Louise Biti

August

The ratio of elderly people to workers is growing.

Ageing population driving $140b blowout in spending

The top five budget pressures will rise from a third to one-half of spending within four decades with ageing driving the shift based on the current trajectory.

  • Ronald Mizen and Phillip Coorey
Spending a parent’s funds on anything that is not in their best interests will land you in trouble.

How impatient kids rip off their parents

Getting an early inheritance and taking over the family home are two dangers when children have an enduring power of attorney for an ageing mum or dad.

  • Louise Biti