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find a bed in aged care

How difficult is it to find a bed in aged care? What resources should I engage to get the best outcome for my loved one?

14/09/2022
by Beacon Aged Care & Retirement Advisers

Are you wondering how to find a bed in aged care for yourself or a loved one? Transitioning into aged care living is a stressful...

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The Pros and Cons of Getting Financial Advice From an Aged Care Facility

The Pros and Cons of Getting Financial Advice From an Aged Care Facility

07/09/2022
by Beacon Aged Care & Retirement Advisers

Are you starting your journey into aged care? Finding the right aged care facility for yourself or your loved one is a very important, yet...

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How to seek advice on affordability prior to starting the aged care process

How to seek advice on affordability prior to starting the aged care process

21/08/2022
by Beacon Aged Care & Retirement Advisers

Are you curious about aged care costs? Wondering if you will be able to afford to enter the aged care facility of your choosing?  In Australia,...

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Centrelink process to Aged Care

Explaining the Centrelink process when it comes to Aged Care

14/08/2022
by Beacon Aged Care & Retirement Advisers

Centrelink process to Aged Care Are you confused or unclear about the Centrelink process in Aged Care?  Once you or your loved one have chosen an aged...

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Misconceptions about the Aged Care Financial Process

Common Misconceptions about the Aged Care Financial Process

07/08/2022
by Beacon Aged Care & Retirement Advisers

There are many myths about aged care homes and to be honest, it’s not surprising! The fee structures can be difficult to understand, there are...

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Parents Move into Aged Care

The Importance of Planning Out A Parents Move into Aged Care

28/07/2022
by Beacon Aged Care & Retirement Advisers

Parents Move into Aged Care You may have reached an age where the dynamic between child and parent has changed. You may have reached a point...

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Choose the Right Aged Care Financial Planner

How to Choose the Right Aged Care Financial Planner

21/07/2022
by Beacon Aged Care & Retirement Advisers

There are many things to think about when it comes to preparing your finances for aged care admission. There’s superannuation, pensions, and other assets like...

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What are the admission requirements to enter an aged care facility in Australia?

14/07/2022
by Beacon Aged Care & Retirement Advisers

As we get older, we may need some help and assistance with day-to-day activities. If you’re considering aged care admission, or if you’re a loved...

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Do I Need to Sell My House to Enter Aged Care?

Do I Need to Sell My House to Enter Aged Care?

07/07/2022
by Beacon Aged Care & Retirement Advisers

Making the decision to enter aged care is not easy. And you might be wondering whether you’ll need to sell your home in order to...

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Pros and Cons of Respite

Pros and Cons of Respite

30/04/2021
by Beacon Aged Care & Retirement Advisers

Cons around Respite I hear you ask? What could possibly be the downside to having a loved one you care for placed into care for...

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Toowong QLD 4066

 

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Runaway Bay QLD 4216

Beacon Aged Care and Retirement Advisers Pty Ltd ACN 668 254 564 is an Authorised Representative and Credit Representative of Akumin Financial Planning Pty Limited ABN 89 051 208 327 Australian Financial Services Licence 232706 and Australian Credit Licence 232706.

Any advice contained in this webpage is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice in regard to those matters.

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STEP 6: Post Admission
  • We are always a phone call away. If you ever have any questions relating to the advice provided, we will always ensure you have the support you need to ensure the fees being charged based on our advice is correct. Our policy is, if you call our office you will always be contacted the same day, as we understand the importance of not only the emotional journey, but feeling comforted that you are on the right track. We don’t charge anything additionally to ensure your peace of mind.
STEP 4: Formal written statement of advice
  • Within 4 business days of meeting, you will receive a formal written statement of advice (via both email and mail) covering the options and advice that was discussed in the meeting with a clear path of next steps to move forward with your chosen aged care facility.
STEP 5: Admission into aged care
  • You will use Beacon’s advice and strategies, to help navigate the fees and costs with the aged care provider of your choice.
  • Beacon’s advisors can assist with any financial queries that the aged care provider may have relating to your financial situation.
  • We can check your Residential Aged Care agreement to ensure that it meets the financial requirements we provided to you and alert you to any discrepancies in this.
STEP 3: Post Meeting
  • Following on from the meeting, if you have a chosen aged care facility, your adviser will contact that facility to ensure they understand the full financial assets and income of the resident and what the required outcomes are from the meeting in order to follow the preferred strategy. This also helps the facility to draw up Residential Aged Care agreements that reflect the advice provided.
STEP 2: Meeting WIth Our FInancial Planners
  • Your meeting will take about 2hrs
  • At the beginning of the meeting your adviser will endeavour to understand the current situation in more details
  • Once we have a good understanding of the current circumstances, your adviser will ask questions relating to the financial information of the loved one going into aged care.
  • Beacon’s Aged Care financial advisors will then assess your financial and personal circumstances and tailor financial strategies and advice specific to your needs.
  • Our advisors will review your assets and cash flow and help you understand your funding options available for aged care based on your individual assets and cash flow.
  • We will ensure that we provide you with the relevant advice to protect your financial interests and this may include strategies to maximise your pension entitlements, minimse your means tested fees or protect your assets throughout the time in care.
  • We provide cashflow modelling to ensure you understand the full financial picture of costs associated with aged care and then how you will afford to pay for those.
  • We will recommend specific government support and subsidies which may be available to you for aged care and advise you on how to access these.
  • We will complete the specific government forms required by you to meet your financial obligations for entry into aged care.
  • If your loved one is in receipt of a Centrelink Age Pension, we log onto Centrelink to confirm what assets and income are on the record.
  • We will provide an ACTION LIST of next steps at the end of the meeting that are required to be followed to ensure the strategies provided in the meeting are implemented.
STEP 1: Introduction and Initial Enquiry
  • When you contact our office, you will always speak with a specialist aged care adviser who will talk through your current situation and identify your needs to determine how Beacon can assist you.
  • You don’t need to be in aged care or have chosen an aged care facility before meeting with Beacon. We help you understand affordability and what options you have in order to make those decisions. We also help families that have found a facility and have been living in aged care for some time but their asset situation has changed since they first entered and they would like to know what changes to their fees will occur.
  • Your adviser will explain some ways in which we can assist and discuss our service and process. One you are comfortable in moving forward, the adviser will take down some details regarding your loved one and book a meeting either face to face (in a location of your choice i.e. home, aged care facility, hospital, cafe) or via video conference.
  • Once your meeting is booked, you will be sent an email confirmation explaining the required documentation you need to send our office prior to the meeting and have ready for the meeting in order to prepare.
  • Our office will contact you 48hrs prior to the meeting to ensure you have all required documentation ready for the meeting.