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Intouch : In Touch Winter 2013
4 IN TOUCH WINTER 2013 NEWS The AlzNSW memory vans have been busy raising awareness of dementia and risk reduction in Queanbeyan, Goulburn, Port Macquarie, Forster, South Kempsey, Nambucca Heads, Grafton, Coffs Harbour, Bonalbo, Lismore, Murwillumbah, Byron Bay, Corrimal, Tenterfeld, Glen Innes, Walcha, Gloucester, Merimbula, Eden, Bega, Nowra and Ulludulla. To fnd out where the Memory Vans will be in upcoming months, visit the Alzheimer's Australia website. W: www.fght dementia.org.au To invite a Memory Van to your community event, contact the AlzNSW representative in your region. • Hunter and Mid-North Coast Belinda Munro T: (02) 4962 7000 E: email@example.com • Rest of NSW Susan Newton T: (02) 8875 4637 E: firstname.lastname@example.org Noted psychologist Dr Cameron Camp is visiting Australia from July to September as part of the National Quality Dementia Care Initiative project Relate, Motivate, Appreciate: Restoring Meaningful Engagement with People with Dementia in Care. Dr Camp conducts workshops on designing cognitive and behavioural interventions for dementia. His current research includes the use of Montessori-based activities as rehabilitative interventions to enable care residents with dementia to lead activities for other residents with dementia, interventions to enable therapists to apply memory improvement techniques, and the use of cognitive rehabilitation via telecommunication to enable adherance to medical regimens. These interventions are designed to reduce challenging behaviours and improve the functioning of people with dementia. US EXPERT TALKS DEMENTIA INTERVENTION Sydney The Interprecare Master Class -- for Health Care Professionals When: 13 August, 8.30am -- 12.00pm Cost: members $75, others $90 Registration: T: (02) 8875 4640 or (02) 8875 4651 E: email@example.com Coping with Dementia -- for Carers When: 13 August, 12.30pm -- 4pm Cost: members free, others $15 Registration: T: (02) 8875 4640 or (02) 8875 4651 E: firstname.lastname@example.org Port Macquarie Coping with Dementia -- for Carers When: 14 August, 9:30am -- 3pm Cost: members free, others $15 Registration: T: (02) 6584 7444 E: email@example.com MEMORY VANS Low-level care (hostel) High-level care (nursing home) Extra service facility (low level) Extra service facility (high level) Accommodation bond × Accommodation charge × × × Basic daily-fee Daily income-tested fee Extra services fee × × The fees charged by aged care facilities differ according to the level of care required and the resources of the resident. Low-level care facilities (hostels) provide accommodation and assistance with personal care, while High-level care facilities (nursing homes) cater for those with higher degrees of frailty, often requiring continuous care. While the federal government provides some funding for residential aged care facilities, those who can afford it are expected to contribute to the cost of their care. Either Centrelink or the Department of Veterans' Affairs are able to assess assets to determine the level of contributions. The table below summarises the main fees and costs a resident may be asked to pay. An accommodation bond may be payable in low-level care or extra-service facilities. There is no set amount. Each bond is negotiated with the facility based on assessable assets. The bond can be COSTS OF AGED CARE PHILLIP CORMACK FNIA; SF FIN; ADFF (FP)paid as a lump sum, periodic payments or a combination of both. An accommodation charge is a daily fee charged in a high-level care facility based on assessable assets and capped at a maximum rate (currently $33.29 per day). A basis daily fee is usually payable by all residents as a contribution towards daily living costs such as nursing, personal care and meals, depending upon the resident's status. The current rate for a standard resident is $44.54 per day. A daily income-tested fee may be payable in addition to the basic daily fee and is based on the resident's assessable income. The fee is currently capped at $70.74 per day. An extra services fee may be payable by residents of both low and high-level care facilities to cover the costs of some additional services provided. There is no set amount; the fee can vary from home to home and it is not income tested. This is a very brief explanation of the various charges and costs that may be applicable, and the individual circumstances of each resident will have a direct bearing on charges and costs. There are strategies to reduce the accommodation bond, charges and daily income-tested fees. A fnancial planner with experience and expertise in aged care can assist with these strategies and provide guidance. Phillip Cormack FNIA; SF Fin; ADFF (FP) T: (02) 9231 5611 E: pcormack@godfreypembroke. com.au Phillip Cormack is a Financial Planning Specialist with Godfrey Pembroke Limited and has had a long association with AlzNSW as a voluntary member of its Investment Advisory Committee. The views expressed are solely those of the author. Readers should consider their own situations before seeking financial planning advice. Any advice in this communication has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on any advice, consider whether it is appropriate to your objectives, financial situation and needs. Godfrey Pembroke Limited ABN 23 002 336 254, registered office 105-153 Miller Street North Sydney NSW 2060, is an Australian Financial Services Licensee and member of the National Australia Bank group of companies.
In Touch Autumn 2013
In Touch Summer 2013