The Australian Government provides subsidies to help meet the cost of aged care. The amount of subsidy you receive will depend on your income and assets. If you are unable to afford the cost of aged care, you may be eligible for financial assistance for aged care in Melbourne. This is a government program that provides financial assistance to people who are struggling to pay for aged care.
There are also a number of private financial assistance options available, such as reverse mortgages and private health insurance. You can also contact charitable organizations to see if you are eligible for financial assistance.
Here are some of the ways to get financial assistance for aged care in Melbourne:
- Government subsidies: The Australian Government provides subsidies to help meet the cost of aged care. The amount of subsidy you receive will depend on your income and assets.
- Financial hardship assistance: If you are unable to afford the cost of aged care, you may be eligible for financial hardship assistance. This is a government program that provides financial assistance to people who are struggling to pay for aged care.
- Reverse mortgages: A reverse mortgage is a loan that allows you to borrow money against the value of your home. You can use the money to pay for aged care costs, and you do not have to repay the loan until you sell your home.
- Private health insurance: Some private health insurance policies cover the cost of aged care. You should check your policy to see if you are covered for aged care.
- Charitable organizations: There are a number of charitable organizations that offer financial assistance to people in need of aged care. You can contact these organizations to see if you are eligible for assistance.
To get financial assistance for aged care in Melbourne, you will need to contact the Australian Government Department of Health and Aged Care. They can assess your eligibility for government subsidies and financial hardship assistance. They can also provide you with information about other financial assistance options available to you.
