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Balance Aged Care Specialists

Archive for the ‘Aged Care Advice’ Category

2UE Talking Lifestyle

Aged Care Advice | 18th November 2016

Every Wednesday at 9pm, our Principal Eric Hiam speaks on 2UE Talking Lifestyle 954AM about the various aspects of the Aged Care process.

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September 2016 Changes to Aged Care Fees

Aged Care Advice | 23rd September 2016

The Government has announced the indexation to the Aged Care Fees for September, only the Basic Daily Care Fee changes affect existing residents. Post July 2014 Residents, Basic Daily Care Fee (BDCF) $48.44/day Annual Limit of Means Tested Fee $26,041.09pa Lifetime limit of Means Tested Fee $62,498.66 Pre July 2014 Residents Basic Daily Care Fee […]

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September 2015 Changes to Centrelink and DVA Pensions

Aged Care Advice | 20th September 2016

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 $788.40pf $64.50 +$14.10 $867.00pf Couple $594.30 $48.60 +$10.60 $653.50pf each $1,307pf combined Illness separated […]

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Changes to the Pension Deeming thresholds

Aged Care Advice | 10th August 2016

Centrelink & DVA apply a “deemed” rate of interest (when determining the Income Test for Pension purposes, & consequently aged care fee purposes) on investments like bank accounts, term deposits, shares, managed funds, Allocated Pensions (post Jan 2015), & loans to companies, trusts or families, & to gifts in excess of the gifting threshold). The […]

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Changes to the DAP interest rate 1/7/2016

Aged Care Advice | 21st July 2016

The interest rate charged on the DAP (Daily Accommodation Payment) is usually updated on the 1st January, & the 1st July each year, but the new rate only applies to those people who enter care permanently after these dates, & who have elected to pay their Accommodation Payment in part or in full as a […]

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March 2016 Indexation to Centrelink and DVA Pensions

Aged Care Advice | 29th April 2016

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 $798.80pf $65.00 +$14.10 $873.90pf Couple $599.10pf $49.00 +$10.60 $658.70pf each $1,317pf combined Illness separated […]

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March 2016 Changes to Aged Care Fees

Aged Care Advice | 29th April 2016

The Government has announced the indexation to the Aged Care Fees for March, only the Basic Daily Care Fee changes affect existing residents. Post July 2014 Residents, Basic Daily Care Fee (BDCF) $48.25/day Annual Limit of Means Tested Fee $25,939.92pa Lifetime limit of Means Tested Fee $62,255.85 Pre July 2014 Residents Basic Daily Care Fee […]

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September 2015 Changes to Aged Care Fees

Aged Care Advice | 20th September 2015

The Government has announced the indexation to the Aged Care Fees for September, only the Basic Daily Care Fee changes affect existing residents. Post July 2014 Residents, Basic Daily Care Fee (BDCF) $47.86/day Annual Limit of Means Tested Fee $25,731.05pa Lifetime limit of Means Tested Fee $61,754.55 Pre July 2014 Residents Basic Daily Care Fee […]

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September 2015 Changes to Centrelink and DVA Pensions

Aged Care Advice | 20th September 2015

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 $788.40pf $64.50 +$14.10 $867.00pf Couple $594.30 $48.60 +$10.60 $653.50pf each $1,307pf combined Illness separated […]

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March 2015 Changes to Aged Care Fees

Aged Care Advice | 8th April 2015

Every March & September the Government indexes the Age Care fees, on the same date that the Age & DVA Pensions are indexed. As from 20th March 2015 the new Aged Care Rate of BASIC Daily Care Fee is as follows: Maximum Basic Daily Fee  PRE JULY 2014 Residents – Standard Resident contribution– includes respite residents […]

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