aged care costs & funding
A clear guide to aged care costs Australia families face, from home care to residential fees, means testing and what affects the final amount.
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 […]
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 […]