As we age, certain aspects of life improve, while others may decline. It’s essential to plan for cognitive decline early on to ensure better wellbeing throughout your retirement years. In this blog post, we’ll discuss self-managing government-subsidised home care, proposed changes to the Pension Loans Scheme (now known as the Home Equity Access Scheme).
🌡️🍲🛌 Self-managing government-subsidised home care is becoming increasingly popular as a way to maximise the hours of care provided with hand-picked carers. This approach allows for more personalised care and can lead to better overall wellbeing for the elderly.
🏥👩⚕️👨⚕️ The proposed changes to the Pension Loans Scheme, now known as the Home Equity Access Scheme, could help more elderly Australians stay in their own homes for longer. This scheme allows retirees to boost their retirement income by taking a loan from the government against the equity in their home. his card is available to more people than ever before, thanks to changes this year to the income limit, and can significantly reduce the cost of healthcare.
If you’re not receiving the Age Pension, you may be eligible for a Commonwealth Seniors Health Card. This card can significantly reduce the cost of healthcare and is available to more people than ever before, thanks to changes this year to the income limit. 🏥💊💉
Remember, we have not taken into consideration your unique circumstances and so this information is general in nature only. For a more in depth review of your finances, or to find out if the strategies discussed here would work for you, book an appointment with one of our qualifies Financial Advisers.
Source: https://www.superguide.com.au/news/in-retirement/june-2023-retiree-newsletter
