All About Aged Care
A Perth aged care consultant helps families compare care, manage paperwork, and make confident decisions during stressful aged care transitions.
A clear guide to aged care costs Australia families face, from home care to residential fees, means testing and what affects the final amount.
What care will cost under the Aged Care Act It is undeniable that non-supported residents will pay more for care under the Aged Care Act when it comes into force on 1 July 2025. Consumers received a taste of what is to come on 1 January 2025 when the cap on Refundable Accommodation Deposits (RAD) […]
On 11 March 2024 the Aged Care Taskforce, a broadly based group handpicked and chaired by Aged Care Minister, Anika Wells, released its report. Unsurprisingly it has garnered a lot of attention in the media. The main takeaway from the report is the Taskforce’s conclusion and recommendation that aged care costs are, and will continually […]
The answer is simple. Become the operator of an aged care facility. 8.15% per annum is the current Maximum Prescribed Interest Rate (MPIR) payable by aged care residents who are paying a Daily Accommodation Payment (DAP). Who pays the DAP? When a resident enters residential aged care, the Department of Human Services (Centrelink) will, by […]
The Australian Aged Care Quality & Safety Commission is responsible for assessing and accrediting aged care services in Australia. The agency publishes reports on its website (www.myagedcare.gov.au) which provide information about the quality of aged care services, including their star ratings. I previously blogged on this when the star ratings were about to be released […]
All of us have been noticing how much inflation is impacting our lives. Whether it be mortgage or rent payments, fuel, electricity, or groceries, we are all paying more for pretty much everything. Aged care is no exception, with another aged care fee increase coming. Basic Daily Fees in aged care are reviewed by the […]
One of the changes foreshadowed by the Royal Commission into Aged Care Quality & Safety was the introduction of a new star grading system for aged care facilities. The ratings have been finalised and submitted to the facilities ahead of them being made publicly available in the very near future. The early release is so […]
Treasurer, Dr Jim Chalmers delivered his first budget on 25 October 2022. For the most part, economists have praised it as being conservative and sensible. Aged Care is one of the “winners”. $3.9 billion will be allocated to the aged care sector. Many of the items to be funded have already been flagged by the […]
Should you downsize your family home if aged care is on the horizon? As we approach the election the Coalition has announced that it is extending the category of people who can downsize their family homes and receive tax concessions if they put up to $300,000 of the surplus into superannuation. The rule exists at […]