ACFA Report on How Consumers Plan and Finance Aged Care
This 2018 report by the Aged Care Financing Authority (ACFA) looks at how people finance and pay for their aged care costs. It provides advice on how we can better support these important decisions.
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ACFA Report on How Consumers Plan and Finance Aged Care
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Publication date:
November 2018
Publication type:
Report
Intended audience:
General public
Description:
ACFA found that:
- people are not planning enough for their aged care
- current retirement tools do not include aged care costs
- people are not aware of the range of aged care services available and their costs
To better support people making financial decisions about their aged care, ACFA recommended changes to:
- include aged care in retirement planning information
- increase understanding of the cost of aged care and the choices people can make
- ensure advisors know how to help people with planning their aged care