Access Community Health And Heartland Bank Join Forces To Enable Ageing Kiwis To Keep Independence


Access Community Health and Heartland Bank join
forces to enable ageing New Zealanders to maintain
independence in their homes for longer

A new
initiative between Access Community Health and Heartland
Bank has launched today, designed to enable New Zealand’s
ageing population to remain living independently and
comfortably in their own homes and communities for
longer.

The collaboration has been established on the
back of a desire from New Zealand’s over-60 age group to
‘age in place’, where seniors choose to remain living in
their homes and communities. The initiative offers eligible
homeowners the option to use a portion of the equity in
their properties to fund in-home care and support through
Access Community Health.

Alison van Wyk, CEO of Access
Community Health, says this initiative will help enable
those who require additional dedicated care and support to
take control of their own health and make the right choices
around the type of in-home care they want to receive, and be
able to pay for it.

“We are all too aware that there
is a desire among New Zealand’s ageing population to live
at home safely, independently, and comfortably, regardless
of age, income or ability level, for as long as reasonably
possible. However, there is no one size fits all approach
for aged care, and this collaboration simply provides
another option for people to live life on their own terms.
We’ve found that a portion of Access Community Health
clients already choose to pay for additional private in-home
care, and we’re proud to make this journey easier for
homeowners through our collaboration with Heartland Bank,”
says van Wyk.

A growing ageing population

The
collaboration could also provide relief to New Zealand’s
health service. With the over-60 age group steadily
climbing, research published by the Ministry of Social
Development in 2017 suggested that number was expected to
exceed 1.3-1.5 million in the next 20 years.[1]

Added
to that, with a steadily increasing retired population,
estimates suggest that if public health funding continues at
its current rate, the care of older people will account for
50 per cent of DHB expenditure by 2025, up from 42 percent
in 2016.[2]

Andrew
Ford, Head of Retail at Heartland Bank, says reverse
mortgages can enable some people to gain financial freedom
and independence in old age.

“Our collaboration with
Access Community Health has been designed to offer people
over the age of 60 greater options and choice. We’re
pleased to work with Access Community Health to enable
healthy ageing in the home, with access to top quality
in-home care and support,” says Ford.

Heartland Bank
is an expert in reverse mortgages, helping over 17,000 Kiwis
release the equity from their property. And as New
Zealand’s ageing population grows, so too does the desire
to age in place, with some 12.5 per cent of Heartland Bank
customers having used a portion of a reverse mortgage
arrangement for medical purposes in the year 2018-2019, with
an increase to 19 per cent this year alone.

Find out
more about the collaboration between Access Community Health
and Heartland Bank here: https://www.heartland.co.nz/reverse-mortgage

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