There have been changes to aged care fees from 1 July 2014 as part of reforms to the aged care system to make it more sustainable and affordable.
Home Care – Fee Estimator
The Home Care fee estimator provides an indication of the fees and charges you may be asked to pay if you receive a Home Care Package on or after 1 July 2014. Based on the information you provide, it estimates your;
- basic fee
- income-tested care fee.
The actual fees you may be asked to pay will depend on your income as assessed by the Department of Human Services or the Department of Veterans’ Affairs.
Residential Care – Fee Estimator
The Residential Care Fee Estimator provides an indication of the fees and charges you may be asked to pay if you enter an aged care home on or after 1 July 2014. Based on the information you provide, it estimates your;
- basic daily fee
- means-tested care fee
- accommodation payment.
The actual fees you may be asked to pay will depend on your income and assets as assessed by the Department of Human Services or the Department of Veterans’ Affairs.
My Aged Care can assist you with using these fee estimators or can provide you with an estimate over the phone. Before you call you should have your financial information ready, especially details of your various forms of income and assets.
For more information on aged care costs call My Aged Care on 1800 200 422.
Financial advice
You may want to consult with a financial adviser about your finances. There are various government services and resources that can help you obtain appropriate financial advice. It's a good idea to do some research to see what options work best for you.
Are there any provisions for financial hardship?
If you believe you will face financial hardship in paying your aged care costs, you can ask to be considered for financial hardship assistance.
