Fee/ Charge/ Thresholds Rates Annual cap income exceeding the Income Threshold – (Annual cap applying to income tested care fees the $10,416.42 consumer’s income exceeds the income threshold) Cap on Means Tested Care Fees in Residential Care Annual cap $26,041.09 Lifetime Cap on Means Tested Care Fees in Residential $62,498.66 Care and Income Tested Care Fees in Home Care Maximum Accommodation Supplement Amount $54.39 Deeming thresholds and rates from 20 March 2016 Threshold (single) $49,200 Threshold (couple $81,600 –combined) Rate 1.75% Higher Rate 3.25% Relevant rates and thresholds for refundable deposits and daily payments Maximum Permissible Interest Rate - for all new residents from 1 January 2017 - 31 2017 5.76% Maximum rate of interest that may be charged on outstanding amount of daily payment from 1 January 2017 31 March 2017 5.76% – Base Interest Rate 3.75% Minimum permissible level - this is the minimum amount of assets a resident must be left with if they pay at least part of their accommodation costs by refundable deposit $46,500 Maximum refundable accommodation deposit Amount that can be charged without prior approval from the Aged Care Pricing Commissioner $550,000
Fee/ Charge/ Thresholds Rates Annual cap – income exceeding the Income Threshold (Annual cap applying to income tested care fees the consumer’s income exceeds the income threshold) $10,416.42 Cap on Means Tested Care Fees in Residential Care Annual cap $26,041.09 Lifetime Cap on Means Tested Care Fees in Residential Care and Income Tested Care Fees in Home Care $62,498.66 Maximum Accommodation Supplement Amount $54.39 Deeming thresholds and rates from 20 March 2016 Threshold (single) $49,200 Threshold (couple –combined) $81,600 Rate 1.75% Higher Rate 3.25% Relevant rates and thresholds for refundable deposits and daily payments Maximum Permissible Interest Rate - for all new residents from 1 January 2017 - 31 2017 5.76% Maximum rate of interest that may be charged on outstanding amount of daily payment from 1 January 2017 – 31 March 2017 5.76% Base Interest Rate 3.75% Minimum permissible level - this is the minimum amount of assets a resident must be left with if they pay at least part of their accommodation costs by refundable deposit $46,500 Maximum refundable accommodation deposit Amount that can be charged without prior approval from the Aged Care Pricing Commissioner $550,000
schedule-of-fees-and-charges-for-post-reform-residents.docx