How to ensure you dont end up in limbo [Video]

A retirement village with an aged care home on the same property can seem like a great long-term plan, with the idea being that if you need aged care it is ready and waiting for you.

For couples, it can represent the perfect solution in case one person needs to move into aged care, but the other doesn’t. However, while the physical barriers may be low – a path, a driveway or perhaps a lift to a different floor – the financial barriers can be significant.

You see while the same organisation may operate both, the village and the aged care home each operate as a separate business. In the aged care home they need to keep a ratio of residents …