The primary reason many families seek to place their relatives into Aged Care facilities is the fear of leaving them home alone.
Many support workers identified this fear of leaving dementia sufferers alone at home as the number one issue when caring for people at home.
According to recent studies the most noticeable symptoms of dementia are forgetfulness, disorientation, lack of attention span, depression and anger
Some strategies used to minimise the impacts of dementia are to encourage crossword puzzles, encouragement to participate in household activities, encouragement to read books and listen to soft music (No loud music), Going out for a meal or just a coffee, surround them with photos of family and familiar personal objects regarded as being precious.
Loud noise and bright lights are to be avoided as well as crowded venues as they cause disorientation and discomfort to some dementia suffers.
Many relatives endure patience issues with the constant forgetfulness confronting them. The result is greater isolation which in turn means less contact with both family and friends.
The feeling of guilt is the number one impact on the families of a dementia sufferer. They are really suffering from the feeling associated with their inability to cope with the situation.
At Price Financial Intelligence we can assist with many strategies to help families to provide appropriate care for their relatives suffering from dementia including;
Q: Do you select a Dementia Specific Unit or do you opt for standard Aged Care Facility?
A: It depends on the flight risk, the safety of your relative is paramount and if he or she is a wonderer then a secure Dementia Unit may be the only choice.
The main drawback of Dementia Specific Units is that all residents suffer from dementia. This means they are often withdrawn due to the lack of stimulation whereas the standard aged care facility has a wider variety of residents and structured activities.
This stimulation can slow down the progression of dementia and provide the sufferer with a better quality of life.
Q: My parents want to keep the family home, is this outcome possible?
A: Yes it is very possible, however there are key rules you must follow;
When they move into an Aged Care facility they must have a periodical payment as part of the arrangement. This permits the rental income and the value of the property to be excluded from the “Income and Assets Tests” applicable to Centrelink pensions. They are also excluded from the Aged Care calculations for the determining of the “Means Tested Care Fee”.
Q: Should we sell the family home, before entering an Aged Care facility?
A: No, this will be a huge mistake that should be avoided.
If you sell the family home first, the entire proceeds from the sale, will count towards your “Means Tested Fee” whereas if you do not sell the family home, then only $144,500 will count towards your fee calculation. This will result in a much lower means tested fee.
You then have the option to either sell the property or rent out the property and the rental income can be used to part fund the aged care fees.
Aged Care is very complex and unfortunately many people make poor decisions without any understanding of the options available to them.
At Price Financial Intelligence, we provide a one hour free consultation to assist you in gaining an understanding of the value of our advice without any obligation to use our services.
Help is available call us now on (02) 9875 2444