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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
Lump sum, daily payments or a combination? What to consider when paying for nursing home accommodationShutterstock

Moving 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,...

Read more: Lump sum, daily payments or a combination? What to consider when paying for nursing home accommodati...

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