The schedules for residential and home care subsidies and supplements which take effect from 1 July 2018 have been released!!!
Aged Care Subsidies and Supplements
Schedule of Fees and Charges for Residential and Home Care
The Department of Human Services quarterly review of fees and charges for all care recipients will be effective from 1 July 2018. Care recipients and providers will receive letters letting them know if there is a change to a care recipient’s fees and charges or if a refund may be due.
A consumer who started a home care package before 1 July 2014 can be charged a basic daily fee of up to 17.5% of the basic rate of the single pension. This rate is $10.32 per day.
Change to MPIR from 1 July 2018
The MPIR applicable to ‘refund periods’ will increase from 5.77% to 5.96% for the period from 1 July 2018 to 30 September 2018 for:
• refundable deposit balances and accommodation bond balances
• accommodation prices
The Base Interest Rate remains unchanged at 3.75%.
View current and past Refundable Deposit Balance and Accommodation Bond Balance Refund Interest Rates
Providers must update their published accommodation prices to reflect the new MPIR from 1 July 2018. The daily payment amounts published on the My Aged Care website will be automatically updated on 1 July 2018 using the existing published refundable deposit amounts.
Providers should update the accommodation prices published on their own website and in written materials to reflect the new MPIR from 1 July 2018.