Aged Care Rates – From 20 September 2014

Page last updated: 23 November 2016

This information was distributed on 19, September 2014

Dear Aged Care Stakeholder,

The following pages have been updated for 20 September 2014.

Australian Government Subsidies and Supplement Rates – 20 September 2014

A full list of Australian Government Aged Care Subsidies and Supplements effective from 20 September 2014 is available on the Department of Social Services website.

Schedule of Fees and Charges for Residential and Home Care - Post 1 July 2014 care recipients

This schedule sets out the fees, caps and thresholds which apply to new residents entering care or consumers commencing a Home Care package from 1 July 2014. The Schedule has been updated and will take effect from 20 September 2014.

As a result of the aged care reforms, from 1 July 2014 changes were made to the way a person’s contribution to their care fees are calculated for new residents and consumers. New rules also apply to how accommodation costs can be charged.

The Schedule of Fees and Charges for Residential and Home Care from 20 September 2014 is available on the Department of Social Services website.

Schedule of Resident Fees and Charges – Pre 1 July 2014 residents

The Schedule of Resident Fees and Charges for residents who first entered care before 1 July 2014 has been updated and will take effect from 20 September 2014.

The Schedule of Resident Fees and Charges for residents who first entered care before 1 July 2014 is available on the Department of Social Services website.

Quarterly review of income and means tested fees will be conducted with an effective date of 20 September 2014. Care recipients and providers will receive letters advising where there is a change to a resident’s income or means tested fee or where a refund may be due. Mail addressed to residents should not be returned to the Department unless the resident no longer lives at the home.

Providers are advised that any refunds that may appear on your monthly claim statement from the Department of Human Services Medicare Australia should not be paid to residents or their estate until you have received written advice confirming that a refund may be due.

Maximum Permissible Interest Rate and Base Interest Rate

The Maximum Permissible Interest Rate (MPIR) will decrease from 6.69% to 6.63% for the period 1 October 2014 to 31 December 2014.

The Base Interest Rate remains unchanged at 4%.

Past interest rates are available on the Department of Social Services website.