How does Home Care compare to the costs of going into Residential Care?
Let's face it, the majority of people would much rather grow older in the comfort and familiarity of their own home than be moved into a nursing home.
Even the “better” nursing homes pale in comparison to someone's own home!
Investigating all the options is an important part of arranging support services for a loved one, and the cost of the various options is a significant issue for many people.
When investigating care options for a loved one, it’s important not to underestimate the cost of moving into a nursing home.
In many cases it is far more cost effective for someone to remain in their own home with private support services.
Whilst it is important to seek advice from your financial planner or an aged care finance expert, here are a few issues to consider.