FPL340 Aged Care Advice

Updated: 26 August 2019
Credit Points 6
Offering
Location Teaching Period Mode of Study
Armidale Trimester 2 Online
Intensive School(s) None
Supervised Exam There is no supervised examination.
Pre-requisites candidature in the BCom or BCom(FinPlan) and 48cp
Co-requisites None
Restrictions FPL440
Notes None
Combined Units FPL440 - Aged Care Advice
Coordinator(s) Cynthia Shannon (cshanno5@une.edu.au)
Unit Description

This unit provides students with an analysis of the principles of aged care advice as they relate to the individual or couple in care, as well as wider family considerations. The various funding options are complex, and the advice on which assets to liquidate upon entry are important. The consequential strategies around social security entitlements for homeowners and non-homeowners are critical to understand. Navigating the legislative framework underpinning aged care including the refundable accommodation deposit and daily accommodation payment are critically reviewed. The different levels of care available including in-home care are also addressed as an essential component of the advice mix, particularly for couples with divergent health circumstances.

Materials No text required
Disclaimer Unit information may be subject to change prior to commencement of the teaching period.
Assessment
Must
Complete
Title Exam Length Weight Mode No. Words
Compulsory Aged Care Strategy 40% 3000
Assessment Notes

Financial planning case study.

Relates to Learning Outcomes (LO)

LO: 1-5

Compulsory Client Simulation 30% 1500
Assessment Notes

Simulated client interview

Relates to Learning Outcomes (LO)

LO: 1-5

Compulsory Online Assessment 30% 1500 (equivalent)
Assessment Notes

Online test comprising of multiple choice and short answer questions.

Relates to Learning Outcomes (LO)

LO: 1-3


Learning Outcomes (LO) Upon completion of this unit, students will be able to:
  1. understand the range of aged care options and correctly determine the relevant costs associated with accommodation and care;
  2. critically evaluate the role of the family home as a mechanism for funding aged care costs;
  3. integrate the various social security factors in order to provide appropriate aged care strategies;
  4. apply the principles of various investments as they interact with aged care advice; and
  5. formulate aged care advice strategies suitable for individual client circumstances and identify and consider estate planning consequences.