Schedule of Fees & Charges for Residential and Home Care: (From 1 January 2024)
*THIS SCHEDULE ONLY APPLIES TO CARE RECIPIENTS WHO FIRST ENTER CARE FROM 1 JULY 2014*
| Maximum Daily Fee | Rate |
|---|---|
| Residential Care | $60.86 |
| Home Care – Level 1 package | $11.22 |
| Home Care – Level 2 package | $11.87 |
| Home Care – Level 3 package | $12.20 |
| Home Care – Level 4 package | $12.53 |
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) | $32,331.00 |
| Income Free Area (Couple, Illness separated, single rate) | $31,707.00 |
| Income Free Area (Couple, Living together, single rate) (relevant to Home Care only) | $25,053.60 |
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 and are also subject to the higher annual cap that applies in Home Care. To calculate the equivalent fortnightly income divide by 26.
| Income Threshold (single person) | $62,332.40 |
| Income Threshold (Couple, Illness separated, single rate) | $61,708.40 |
| Income Threshold (Couple, Living together single rate) | $47,668.40 |
Asset Thresholds Residential Care Means Test
| Asset Free Threshold | $58,500 |
| First Asset Threshold | $197,735.20 |
| Second Asset Threshold | $476,205.60 |
Home Exemption 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.
| $197,735.20 |
Caps on Income Tested Care Fees in Home Care
| First Cap (Daily cap applying on income tested care fees where the consumer’s income does not exceed the income threshold) |
$17.97 |
| Annual cap – Income not exceeding the Income Threshold (Annual cap applying to income tested care fees where the consumer’s income does not exceed the income threshold) |
$6,543.66 |
| Second Cap (Daily cap applying on income tested care fees where the consumer’s income exceeds the income threshold) |
$35.95 |
| Annual Cap – income exceeding the Income Threshold (Annual cap applying to income tested care fees where the consumer’s income exceeds the income threshold) |
$13,087.39 |
Cap on Means Tested Care Fees in Residential Care
| Annual Cap | $32,718.57 |
Lifetime Cap on Means Tested Care Fees in Residential Care and Income Tested Care Fees in Home Care
| $78,524.69 |
Maximum Accommodation Supplement Amount
| $66.94 |
Deeming thresholds and rates from 1 July 2022
| Threshold (single) | $60,400 |
| Threshold (couple —combined) | $100,200 |
| Lower Rate (from 1 July 2022） | 0.25% |
| Higher Rate (from 1 July 2022） | 2.25% |
Interest rates for refundable deposits and daily payments
Maximum Permissible Interest Rate
|
– for all new residents -Maximum rate of interest that may be charged on outstanding amount of daily payment from 1 January 2024 – 31 March 2024 from 1 October 2023 – 31 December 2023 |
7.90%8.15% |
| Base Interest Rate from 1 June 2020 | 2.25% |
| Minimum permissible asset level – the minimum amount of assets a resident must be left with if they pay at least part of their accommodation costs by refundable deposit |
$58,500 |
| Maximum refundable accommodation deposit – the amount that can be charged without prior approval from the Aged Care Pricing Commissioner |
$550,000 |
Residents in designated remote areas may be asked to pay an additional $1.06 per day
