What does aged care in Australia actually cost, and is your family prepared when the time comes? In this episode of Get Rich, Molly sits down with aged care financial specialist and co-author of Downsizing Made Simple, Rachel, to demystify one of the most overwhelming   and most avoided   financial conversations Australian families need to have. Whether you're the one your family looks to when things get hard (hi, TED 👋) or you just want to get ahead of this before there's a crisis, this episode is your starting point. No jargon, no overwhelm   just clear, practical guidance on what to expect and how to plan.

In this episode, you'll learn:
What aged care in Australia actually includes   and why it's so much more than just nursing homes
The difference between home care and residential aged care, and what each one costs
How means testing works and why the bill can be higher than your income
What a RAD and a DAP are, and how families typically fund the move into residential care
Why selling the family home isn't always the right move (and when it could actually cost you more)
How to access government-funded care through My Aged Care   and why you shouldn't wait until there's a crisis
What the Aged Care Assessment is, why it's like a passport, and the one mistake people make that leaves them under-supported
What happens when a parent lands in hospital and you have 48 hours to find a bed
The questions you must ask before signing anything with an aged care provider
Three things you can do this week to start the conversation with your parents

Perfect for: Australian women with ageing parents, anyone who's ever Googled "how does aged care work in Australia," and every Trusted Eldest Daughter who's quietly holding this all together.

The biggest takeaway from this episode? The best time to plan for aged care was years ago. The second-best time is right now. 🎧

 

Buying a property? Need Financial Advice? Time to sort the Will? Let us help connect you with an awesome woman in finance! https://directory.ladiesfinanceclub.com/


💌 Want more money tips straight to your inbox?
Join thousands of Australian women getting savvy with their finances -subscribe to the Ladies Finance Club newsletter for the latest money hacks, expert advice, and exclusive event invites! Sign up here at https://www.ladiesfinanceclub.com/newsletter25

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The advice shared by Ladies Finance Club is general in nature and does not consider your individual circumstances. Our content is for educational purposes only and should not be relied upon to make financial decisions. If you are considering purchasing a financial product, read the PDS and TMD and seek financial advice tailored to your personal needs. Molly Benjamin and Ladies Finance Club Pty Ltd are authorised representatives of Wattle Partners Pty Ltd, AFSL 383169.

Ladies Finance Club acknowledges the Traditional Owners of the Land on which this podcast was recorded, the Gadigal people of the Eora Nation. We pay our respects to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples.

[See omnystudio.com/listener for privacy information.]

What does aged care in Australia actually cost, and is your family prepared when the time comes? In this episode of Get Rich, Molly sits down with aged care financial specialist and co-author of&nbsp;Downsizing Made Simple, Rachel, to demystify one of the most overwhelming &nbsp; and most avoided &nbsp; financial conversations Australian families need to have. Whether you're the one your family looks to when things get hard (hi, TED 👋) or you just want to get ahead of this before there's a crisis, this episode is your starting point. No jargon, no overwhelm &nbsp; just clear, practical guidance on what to expect and how to plan.
In this episode, you'll learn:
<ul>
<li>What aged care in Australia actually includes &nbsp; and why it's so much more than just nursing homes</li>
<li>The difference between home care and residential aged care, and what each one costs</li>
<li>How means testing works and why the bill can be higher than your income</li>
<li>What a RAD and a DAP are, and how families typically fund the move into residential care</li>
<li>Why selling the family home isn't always the right move (and when it could actually cost you more)</li>
<li>How to access government-funded care through My Aged Care &nbsp; and why you shouldn't wait until there's a crisis</li>
<li>What the Aged Care Assessment is, why it's like a passport, and the one mistake people make that leaves them under-supported</li>
<li>What happens when a parent lands in hospital and you have 48 hours to find a bed</li>
<li>The questions you must ask before signing anything with an aged care provider</li>
<li>Three things you can do&nbsp;this week&nbsp;to start the conversation with your parents</li>
</ul>
Perfect for: Australian women with ageing parents, anyone who's ever Googled "how does aged care work in Australia," and every Trusted Eldest Daughter who's quietly holding this all together.
The biggest takeaway from this episode? The best time to plan for aged care was years ago. The second-best time is right now. 🎧
&nbsp;
<a href="https://directory.ladiesfinanceclub.com/">Buying a property? Need Financial Advice? Time to sort the Will? Let us help connect you with an awesome woman in finance!&nbsp;</a><a href="https://directory.ladiesfinanceclub.com/">https://directory.ladiesfinanceclub.com/</a> 
💌 Want more money tips straight to your inbox? Join thousands of Australian women getting savvy with their finances -subscribe to the Ladies Finance Club newsletter for the latest money hacks, expert advice, and exclusive event invites!<a href="https://www.ladiesfinanceclub.com/newsletter25"> Sign up here at https://www.ladiesfinanceclub.com/newsletter25</a>
Are we friends on Instagram? <a href="https://www.instagram.com/ladiesfinanceclub">Follow us here at https://www.instagram.com/ladiesfinanceclub</a>
The advice shared by Ladies Finance Club is general in nature and does not consider your individual circumstances. Our content is for educational purposes only and should not be relied upon to make financial decisions. If you are considering purchasing a financial product, read the PDS and TMD and seek financial advice tailored to your personal needs. Molly Benjamin and Ladies Finance Club Pty Ltd are authorised representatives of Wattle Partners Pty Ltd, AFSL 383169.
Ladies Finance Club acknowledges the Traditional Owners of the Land on which this podcast was recorded, the Gadigal people of the Eora Nation. We pay our respects to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples.
[See omnystudio.com/listener for privacy information.]

Welcome to Get Rich by Ladies Finance Club - the personal finance podcast that helps women do just that: get rich and stay rich. Hosted by Molly Benjamin, founder of the award-winning Ladies Finance Club and a reformed hot financial mess, this is where smart, ambitious women come to take control of their finances, grow their wealth, and level up their money game.  

We make personal finance fun, fearless, and totally doable no matter where you're starting from. No confusing jargon, no guilt trips - just high-impact, simple money strategies that anyone can start using right away.  

Whether you’re saving for a home deposit, creating a budget that actually works, investing in property or the sharemarket, growing your income, or finally figuring out superannuation, this podcast has you covered.   Hit subscribe and let’s get rich (and stay rich) together.

Welcome to Get Rich by <a href="https://instagram.com/ladiesfinanceclub">Ladies Finance Club</a> - the personal finance podcast that helps women do just that: get rich and stay rich. Hosted by Molly Benjamin, founder of the award-winning Ladies Finance Club and a reformed hot financial mess, this is where smart, ambitious women come to take control of their finances, grow their wealth, and level up their money game. &nbsp;
We make personal finance fun, fearless, and totally doable no matter where you're starting from. No confusing jargon, no guilt trips - just high-impact, simple money strategies that anyone can start using right away. &nbsp;
Whether you&rsquo;re saving for a home deposit, creating a budget that actually works, investing in property or the sharemarket, growing your income, or finally figuring out superannuation, this podcast has you covered. &nbsp; Hit subscribe and let&rsquo;s get rich (and stay rich) together.

Ladies Finance Club - Get Rich 

Welcome to Get Rich by Ladies Finance Club- the personal finance podcast that helps women do just that: get rich and stay rich.

Hosted by Molly Benjamin, founder of the award-winning Ladies Finance Club and a reformed hot financial mess, this is where smart, ambitious women come to take control of their finances, grow their wealth, and level up their money game.  

We make personal finance fun, fearless, and totally doable no matter where you're starting from. No confusing jargon, no guilt trips - just high-impact, simple money strategies that anyone can start using right away.  

Whether you’re saving for a home deposit, creating a budget that actually works, investing in property or the sharemarket, growing your income, or finally figuring out superannuation, this podcast has you covered.  

Hit subscribe and let’s get rich (and stay rich) together.

Welcome to Get Rich by Ladies Finance Club- the personal finance podcast that helps women do just that: get rich and stay rich.
Hosted by Molly Benjamin, founder of the award-winning Ladies Finance Club and a reformed hot financial mess, this is where smart, ambitious women come to take control of their finances, grow their wealth, and level up their money game. &nbsp;
We make personal finance fun, fearless, and totally doable no matter where you're starting from. No confusing jargon, no guilt trips - just high-impact, simple money strategies that anyone can start using right away. &nbsp;
Whether you&rsquo;re saving for a home deposit, creating a budget that actually works, investing in property or the sharemarket, growing your income, or finally figuring out superannuation, this podcast has you covered. &nbsp;
Hit subscribe and let&rsquo;s get rich (and stay rich) together.