Lump sum, daily payments or a combination? What to consider when paying for nursing home accommodation
- Written by: Anam Bilgrami, Research Fellow, Macquarie University Centre for the Health Economy, Macquarie University
ShutterstockMoving yourself or a loved one to a nursing home can be emotional and difficult. While some have their nursing home accommodation costs fully covered by the government (based on a means test), most will have to pay their own way.
The average lump sum room value is A$334,000. Choosing how to pay can make this time even more challenging,...