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

Aged Care Subsidies and Supplements – New Rates of Payment from 1 July 2018 (.pdf)

Schedule of Fees and Charges for Residential and Home Care

Schedule of Fees and Charges for Residential and Home Care: From 1 July 2018 (.pdf)

Schedule of Fees and Charges for Pre 1 July 2014 Residents From 1 July 2018 (.pdf)

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.

Read more:

Indexation of residential and home care subsidy and supplement rates