If you’re dealing with illness, these steps can make managing money simpler.
Are you or a family member dealing with illness? These steps should help you see what financial assistance you could get and take steps to make sure you are supported during this time.
Many employees can take paid personal or sick leave when they can’t work because of an illness - ask your employer how much leave you’re entitled to. The Fair Work Ombudsman website has more information about paid sick and carer’s leave if you’re unsure.
If you’ve got health insurance, see if you can claim any costs not covered by Medicare. It’s also worth looking at any trauma cover, income protection insurance or total and permanent disability insurance (TPD) that you might hold through your super.
You may be eligible for Carer Allowance or Carer Payment, depending on your situation. You’ll need to meet an income test. Visit your state or territory government’s website to see what specific funding you can access. If you need any extra support, consider getting in touch with Carer Gateway for counselling or other support.
If you’re feeling overwhelmed, know that you can always speak to a financial counsellor for free. Financial counsellors are independent and confidential and can help you to review your bills, prioritise debts and claim extra money if you’re eligible.
Should you have any trouble meeting bills or mortgage payments on time, it’s best to get in touch with your service provider or bank. They may have specific options for your situation and can help you put together a plan to help you manage.
For further information on managing money when dealing with illness, visit ASIC’s MoneySmart guide.
This guide contains general information to support you as you build your financial fitness. It doesn’t consider your personal circumstances and isn't financial advice. The information is true at the time of publishing.
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