Published: September 20, 2016

Indexation Rates for Residential Aged Care and Home Care Packages (20 Sep 2016)

The schedules for residential and home care fees and charges, as well as subsidies and supplements have been updated to take effect from 20 September 2016 in line with changes to the basic age pension and indexation rates. The new rates are now available and include:

• Maximum Basic Daily Fee (Residential Care) and Standard Resident contribution – including respite residents is $48.44
• Maximum Permissible Interest Rate (MPIR) will decrease from 6.01% to 5.76% for the period of 1 October 2016 to 30 December 2016.
• The Base Interest Rate remains unchanged at 3.75%.

Read more:

Australian Government Residential Aged Care and Home Care Supplements (.pdf)
Schedule of Fees and Charges for Residential and Home care – for care recipients that commenced care on or after 1 July 2014 (.pdf)
Schedule of Resident Fees and Charges for residents in care on 30 June 2014 (.pdf)
Indexation rates for Residential Aged Care and Home Care Packages and changes to the Maximum Permissible Interest Rate (MPIR)

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Management Advantage Pty Ltd
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VIC 3068
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