Balance Aged Care Logo

Balance Retirement & Aged Care Specialists

September 2014 Changes to Aged Care Fees

Posted on: November 3rd, 2014 by Eric Hiam in Aged Care Financial Planning

Every March & September the Government indexes the Age Care fees, on the same date that the Age & DVA Pensions are indexed.

As from 20th September 2014 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

up to $47.15 / day

– Protected resident contribution

up to $42.99 / day

– Phased Resident Contribution

up to $47.15 / day

– Non-Standard Resident Contribution

up to $53.33 / day

 Maximum Daily Income Tested Fee

up to $74.89 / day

 Maximum Basic Daily Fee  POST JULY 2014 Residents

– Standard Resident contribution

up to $47.15 / day

The New Means Tested Fee has maximum limits that can be charged, these limits have been indexed below

 Maximum Means Tested Fee  POST JULY 2014 Residents

– Annual Limit

$25,349pa

– Life Time Limit

$60,838