Residential Aged Care – Delivering Great Advice

While many people do not plan to move into residential aged care, the reality is that 1/3 of men and 1/2 of all women who reach age 65 will at some point require residential aged care services.

Understanding the key drivers, advice stakeholders and the means testing arrangements is critical to developing the right advice. This comprehensive 2-day workshop will see you develop a thorough understanding of residential aged care through case based facilitator lead examples, individual calculations and group discussions.

At the conclusion of the workshop participants will be able to evaluate and calculate the outcomes of the asset and income assessments, discuss and develop strategies to ensure valuable financial advice is provided.

The workshop is delivered online via Microsoft Teams, with class discussions and case studies. A workshop booklet and all necessary technical material will be provided. There will be an assessment after the workshop. CPD hrs available.

This workshop has the following intended learning outcomes:

✅  CAPABILITY:
Understand and analyse relevant strategies within a financial advisory framework and the retirement community sector.

✅  PROFESSIONAL CONDUCT:
Locate and evaluate relevant client information to determine the best solution for the client moving into a retirement Community.

✅  CRITICAL THINKING:
Apply critical thinking, technical and professional skills necessary to operate effectively in financial planning and related professions.

✅  REFLECTIVE PRACTICE SKILLS:
Convey information and provide guidance clearly and fluently to clients.

✅  INTERDEPENDENCE:
Promote ethical, social responsibility and best practice solutions for clients.

 Upon successful completion of residential aged care workshop participants should be able to:

• Identify and discuss the key drivers of the Aged Care industry from an individuals, government, and providers prospective.
• Identify and evaluate the different accommodation choices for residents.
• Assess, calculate and critically analyse the impact on the client’s eligibility for pension entitlement and other government benefits when considering a residential aged care facility.
• Develop a thorough understanding of residential aged care fees and charges for Pre and Post the 2025 Aged Care Reforms.
• Evaluate and consider the legal, financial, accessibility and affordability of a variety of residential care options.
• Create an effective financial planning strategy to assist with funding residential aged care.
• Calculate, examine and evaluate the advantages and disadvantages for the various outcomes associated with different strategies identified.
• Deliver a valuable advice service to people considering residential aged care.