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Fees and Charges Entering Aged Care

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SCHEDULE OF FEES AND CHARGES FOR RESIDENTIAL AND HOME CARE:
FROM 1 JULY 2014
*This Schedule applies to care recipients subject to
Chapters 3 and 3A of the Aged Care Act 1997*
Fee/ Charge/ Thresholds Rates
 
Maximum Basic Daily Fee
Home Care $9.57
Residential Care $46.50
 
Income Free Area (annual amount) Home Care and Residential Care

Annual Income up to these amounts is excluded from the income test component of the residential means test and the income test in home care. To calculate the equivalent fortnightly income divide by 26.

Income Free Area (single person) $24,835.20
Income Free Area (Couple, Illness separated, single rate) $24,367.20
Income Free Area (Couple, Living together, single rate) (relevant to Home Care only) $19,276.40
Income Thresholds (annual amount) Home Care Income Test

Consumers with incomes above these amounts are subject to the second cap when calculating the daily income tested care fee in home care, to calculate the equivalent fortnightly income divide by 26.

Income Threshold (single person) $47,985.60
Income Threshold (Couple, Illness separated, single rate) $47,517.60
Income Threshold (Couple, Living together single rate) $36,727.60
Asset Thresholds Residential Care Means Test
Asset Free Threshold $45,000
First Asset Threshold $154,179.20
Second Asset Threshold $372,537.60
   
Home Cap (applies separately to both members of a couple) The net value of the home above this amount is excluded from the value of the resident's assets. $154,179.20
   
Caps on Income Tested Care Fees in Home Care
Applicable Cap where consumer's income does not exceed the income threshold Daily cap (First cap): $13.74
Annual Cap: $5,000
Applicable Cap where consumer's income exceeds the income threshold Daily cap (Second cap): $27.47
Annual Cap: $10,000
Cap on Means Tested Care Fees in Residential Care  
Annual cap $25,000
   
Lifetime Cap on Means Tested Care Fees in Residential Care and Income Tested Care Fees in Home Care $60,000
   
Maximum Accommodation Supplement Amount $52.49
   
Deeming thresholds and rates from 1 July 2014  
Threshold (single) $48,000
Threshold (couple —combined) $79,600
Lower Rate 2.0%
Higher Rate 3.5%
   
Relevant rates and thresholds for refundable deposits and daily payments
Maximum Permissible Interest Rate 6.69%
Maximum rate of interest that may be charged on outstanding amount of daily payment 6.69%
Minimum permissible asset level This is the minimum amount of assets a resident must be left with if they pay at least part of their accommodation costs by refundable deposit $45,000
Maximum refundable accommodation deposit Amount that can be charged without prior approval from the Aged Care Pricing Commissioner $550,000
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