Surveys of senior Australians has clearly and consistently shown that most seniors would prefer to remain at home, rather than go into residential care – but how can we help older people achieve this?
One idea National Seniors has been advocating, is to create a version of the existing Pension Loans Scheme to allow older people to unlock the equity in their home to pay for additional home care – over and above the government subsidies.
But is that enough, and could the government do more to help?
To read more go the to National Seniors website
Key Points of the article …
- Older Australians overwhelmingly want to receive care at home
- A ‘Home Care Loans Scheme’ would give access to equity in your home at a cost recovery interest rate
- The government could kick-in additional funding for those accessing equity to boost funds for care at home