Balance Aged Care Logo

Balance Aged Care Specialists

Archive for the ‘Aged Care Advice’ Category

New deeming rates commence for Centrelink & DVA Pensions

Aged Care Advice | 1st October 2019

From the 20th September 2019 Centrelink & DVA (Dept. of Veterans Affairs) will apply the new deeming rates, which were announced in July this year. Centrelink & DVA use an income and asset test to work out how much pension they can pay pension recipients. Centrelink & DVA include any “deemed income” in the income […]

read more
September 2019 Changes to Centrelink & DVA Pensions

Aged Care Advice | 1st October 2019

The Government has announced the following increases to Age Pensions, Disability Pension & the same applies to Service Pensions for DVA The maximum rate of Age, Disability & Service pension (DVA) per fortnight Basic rate Plus + Supplements Total pension Single $850.40pf $68.90 +$14.10 $933.40/pf Couple $641.00/pf $51.90 +$10.60 $703.50/pf each $1407.00/pf combined Illness separated […]

read more
September 2019 Changes to Aged Care Fees

Aged Care Advice | 1st October 2019

The Government has announced the indexation to the Aged Care Fees for September 2019, only the Basic Daily Care Fee changes affect existing residents. Post July 2014 Residents, Basic Daily Care Fee (BDCF) $51.63/day Annual Limit of Means Tested Fee $27,754.52 pa Lifetime limit of Means Tested Fee $66,610.90   Pre July 2014 Residents Basic […]

read more
March 2019 Changes to Aged Care Fees

Aged Care Advice | 20th March 2019

The Government has announced the indexation to the Aged Care Fees for March 2019, only the Basic Daily Care Fee changes affect existing residents. Post July 2014 Residents, Basic Daily Care Fee (BDCF) $51.21/day Annual Limit of Means Tested Fee $27,532.59 pa Lifetime limit of Means Tested Fee $66,078.27   Pre July 2014 Residents Basic […]

read more
March 2019 Changes to Centrelink & DVA Pensions

Aged Care Advice | 20th March 2019

The Government has announced the following increases to Age Pensions, Disability Pension & the same applies to Service Pensions for DVA The maximum rate of Age, Disability & Service pension (DVA) per fortnight Basic rate Plus + Supplements Total pension Single $843.60/pf $68.50 +$14.10 $926.20/pf Couple $635.90/pf $51.60 +$10.60 $698.10/pf each $1396.20/pf combined Illness separated […]

read more
September 2018 Changes to Centrelink & DVA Pensions

Aged Care Advice | 20th September 2018

The Government has announced the following increases to Age Pensions, Disability Pension & the same applies to Service Pensions for DVA The maximum rate of Age, Disability & Service pension (DVA) per fortnight Basic rate Plus + Supplements Total pension Single $834.40/pf $67.80 +$14.10 $916.30/pf Couple $629.00/pf $51.10 +$10.60 $690.70/pf each $1381.40/pf combined Illness separated […]

read more
September 2018 Changes to Aged Care Fees

Aged Care Advice | 20th September 2018

The Government has announced the indexation to the Aged Care Fees for September 2018, only the Basic Daily Care Fee changes affect existing residents. Post July 2014 Residents, Basic Daily Care Fee (BDCF) $50.66/day Annual Limit of Means Tested Fee $27,232.65 pa Lifetime limit of Means Tested Fee $65,357.65   Pre July 2014 Residents Basic […]

read more
What is the difference between a Retirement Village & Aged Care

Aged Care Advice | 6th February 2018

The differences between Aged Care & Retirement Village are significant, & you should make sure you understand which one you are committing yourself to, & the financial implications before you proceed. A Retirement Village is primarily self-care, i.e. you look after yourself, & choose to make the move to a Retirement Village (if you are […]

read more
What is a Supported Resident?

Aged Care Advice | 27th November 2017

A supported resident in Aged Care (sometimes referred to as concessional residents), has been assessed by Centrelink or DVA as having less in assets &/or income than others, and consequently the Government will contribute even more towards their aged care, therefore saving the resident money. This is particularly useful for couples who have a home, […]

read more
Centrelink getting serious about those who cheat

Aged Care Advice | 9th December 2016

If you are lying to Centrelink about your assets or your income, or even thinking about it beware, they have just installed a new computer system, which is designed to more efficiently catch out cheaters by real time data matching with other Government departments (ie tax department, & other departments.) Whilst Centrelink have always been […]

read more