Negotiating Aged Care Accommodation Bonds

Negotiating Aged Care Accommodation Bonds

Aged care support is a big mysterious subject to a lot of people. Yet it will be one thing that we will ultimately face up to one day ourselves. Some see it to be a long way away but for those who are older or have elderly parents then the stress is imminent.

I read an article today by Ms Louise Biti, Director of Aged Care Steps on “Negotiating aged care accommodation bonds” which I think is interesting to share.

It is common that we focus on prices when doing our shopping. Sometimes going from Coles to Woolworths next door or vice versa could save quite a few dollars in our weekly groceries bills. But here we are talking about the quality life and easy access for our love ones or ourselves. So focusing too much on prices could cause us to miss out on our Choice of Accommodation.

The article explains what is an accommodation bond, what is counted for the bond, Centrelink assessment, who gets to keep the bond, how much the accommodation provider deducts from the bond etc. The article also has a case study to illustrate the process when applying for aged care accommodation.

Please click the link below to read the article.

https://docs.google.com/document/d/1IP5SEE_rI5CYE4iwrk1rmupPN-z85f5nBuGBgRcajhQ/edit