The schedules for residential and home care subsidies and supplements that take effect from 20 March 2019 have now been released and added to Manad Plus.
Some of the new rates are:
• Maximum Basic Daily Fee: $51.21
• Maximum Permissible Interest Rate (MPIR): 5.96% for the period of 1 April 2019 to 30 June 2019
• The Base Interest Rate (BIR): 3.75% for the period of 1 April 2019 to 30 June 2019
IMPORTANT: Changes to ACFI subsidy rates (& RCS…if you still have any)
In addition to the Daily ACFI subsidy rates and the additional daily ACFI subsidy amount for the Quality Care Fund, the $320 million temporary general subsidy boost will be paid as an additional daily ACFI subsidy amount for the period 20 March 2019 to 30 June 2019.