What are my aged care options?

As we get older, it becomes more and more difficult to live independently – whether it’s because of illness, disability, reduced mobility, isolation or the problems associated with maintaining a large property.

While moving in with family may be a viable option, there are alternative accommodation options that not only allow a level of independence to be maintained, but also provide varying levels of care if required.

What are the aged care options?

Depending on the level of care required, which may change over time, there are a number of different accommodation options available:

  • Retirement villages.
  • Residential aged care facilities.
  • Receiving care at home.

There’s no doubt that the decision for either you, or a loved one, to move into an aged care facility is a tough one. And, it’s complex - you need to have a good understanding of the rules, regulations and financial commitment.

Making the choice

Choosing a suitable aged care facility is an important decision. Apart from the level of care needed, there are other things you should consider:

  • Location and access – is it easy to get to and is it close to family and friends?
  • Accommodation, meals and routines.
  • The culture as well as the level of social interaction among residents.
  • What level of care you need now and in the future, particularly if you have any pre-existing health conditions.
  • Costs.


How a financial planner can help

A Bridges financial planner can help you access the right information so you can make an informed decision which ultimately gives you peace of mind. They can help you understand:

  • the implications to your age pension entitlements,
  • the aged care costs you will be charged,
  • the impact on your estate and the passing of your wealth to the next generation.

Make an appointment with a Bridges financial planner today


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Bridges Financial Services Pty Limited (Bridges). ABN 60 003 474 977. ASX participant. AFSL 240837. Part of the IOOF group.

This is general advice only and has been prepared without taking into account your particular objectives, financial situation and needs. Before making an investment decision based on this information, you should assess your own circumstances or consult a financial planner. In referring customers to Bridges, Australian Mutual Bank does not accept liability or responsibility for any act or omission or advice provided by Bridges or its authorised representatives.