Six Aged Care Pitfalls to Avoid

Navigating the aged care system can be challenging and overwhelming. There are several pitfalls that can trip you up along the way, from unexpected costs to unsuitable care.

By being aware of these common pitfalls and taking steps to avoid them, you can ensure that you or your loved ones receive the best possible care and support in their later years.

1. Thinking residential aged care is the only option

If your loved one needs some extra help and support, they don’t necessarily have to move into a permanent residential care facility. There are some other options available that can help them maintain their independence and stay in their own home for as long as possible. One option is the Commonwealth Home Support Programme. It’s a great option for those who need some assistance with daily tasks, but don’t require a lot of extra support. For those who need a bit more help, there are also Home Care Packages. These packages can provide a range of services and support to help people stay in their own home, even if they require a higher degree of care. So if your loved one needs some extra help, don’t assume that permanent residential care is the only option. There are other choices out there that can help them maintain their independence.

2. Leaving it until it’s too late

Many people only think about aged care when there’s a crisis. This often leads to a lot of stress and fewer options to choose from. When something unexpected happens, like a health emergency or a decline in daily living activities, it can be really tough to figure out what to do next. You might have to deal with financial issues, family dynamics, estate planning, and personal preferences all at once. It can be overwhelming. That’s why it’s a good idea to start talking about aged care early on, before a crisis happens. If you notice that someone you care about is starting to need some extra help in their daily life, it’s important to start having those conversations sooner rather than later. This way, you’ll have more time to gather all the information you need and make the best decisions for everyone involved.

3. Avoiding the topic

Some people may avoid talking about aged care because they don’t want to face the fact that they or their loved ones may need others to provide some assistance in the future. By opening up a discussion with your parents or loved ones, you’ll have the opportunity to hear from them about what’s important to them. You can find out what their preferences are, what they’re worried about, and what kind of help they might need in the future. That way, you can start preparing early on.

4. Nothing is documented

It’s really important to have certain documents, like an enduring power of attorney, enduring guardianship, and Will up to date and valid. These documents can make a big difference when it comes to making sure you get the support you need. It’s also important to make sure the right people know where these documents can be found, along with any other wishes you may have. This can help avoid stress, confusion, and delays down the line. If everyone knows what to do and where to find everything, you can focus your efforts on getting the right support and care that is needed.

5. Financial traps

Depending on the type of care and support required there can be various fees and costs and it can be complex in nature. Working with a specialist aged care financial adviser can help you and your family work through the various costs and options and to help you find the strategy to achieve your personalised outcomes. Having clarity around the immediate and longer-term outcomes can help you make the decision that are right for your situation and avoid unexpected financial results.

6. Forgetting about yourself

If you are caring for a loved one, take time to look after yourself. Investigating respite care may be an option that can provide an additional level of support for a short period depending on the circumstances. It’s also important to share this information and what you know with family, and friends, as this can help ensure you have the right support around you to help avoid these pitfalls in the future.

Start the conversation early, explore your options, and be clear on each other’s wishes to proactively protect yourself and your loved ones. Our clients tell us that working with us relieves them of the financial and emotional burden. Most of all, they gain confidence in their decisions and peace of mind.

Download our guide to aged care

Our exclusive booklet illustrates examples where specialist financial advice may assist in significantly improving financial outcomes. Complete the form below and your copy will be emailed to you.