Fee/ Charge/ Thresholds Rates Annual cap income exceeding the Income Threshold – (Annual cap applying to income tested care fees where $10,552.18 the consumer’s income exceeds the income threshold) Cap on Tested Care Fees in Residential Care Annual cap $26,380.51 Lifetime Cap on Means Tested Care Fees in Residential Care and Income Tested Care Fees in $63,313.28 Home Care Maximum Accommodation Supplement Amount $55.09 Deeming thresholds and rates from 20 March 2016 Threshold (single) $49,200 Threshold (couple $81,600 –combined) Lower 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 March 2017 – 5.76% - for all new residents from 1 April 2017 30 June 2017 – 5.78% Maximum rate of interest that may be charged on outstanding amount of payment from 1 January 2017 31 March 2017 5.76% – Maximum rate of interest that may be charged on outstanding amount of daily payment from 1 April 2017 30 June 2017 5.78% – Base Interest Rate 3.75% Minimum permissible asset 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 $47,500 Maximum refundable accommodation deposit Amount that can be charged without prior approval from the Aged Care Pricing Commissioner $550,000 _______________________________ [i] Residents in designated remote areas may be asked to pay an additional $1.06 per day.
Fee/ Charge/ Thresholds Rates Annual cap – income exceeding the Income Threshold (Annual cap applying to income tested care fees where the consumer’s income exceeds the income threshold) $10,552.18 Cap on Tested Care Fees in Residential Care Annual cap $26,380.51 Lifetime Cap on Means Tested Care Fees in Residential Care and Income Tested Care Fees in Home Care $63,313.28 Maximum Accommodation Supplement Amount $55.09 Deeming thresholds and rates from 20 March 2016 Threshold (single) $49,200 Threshold (couple –combined) $81,600 Lower 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 March 2017 5.76% - for all new residents from 1 April 2017 – 30 June 2017 5.78% Maximum rate of interest that may be charged on outstanding amount of payment from 1 January 2017 – 31 March 2017 5.76% Maximum rate of interest that may be charged on outstanding amount of daily payment from 1 April 2017 – 30 June 2017 5.78% Base Interest Rate 3.75% Minimum permissible asset 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 $47,500 Maximum refundable accommodation deposit Amount that can be charged without prior approval from the Aged Care Pricing Commissioner $550,000 _______________________________ [i] Residents in designated remote areas may be asked to pay an additional $1.06 per day.
schedule_of_fees_and_charges_for_residential_and_home_care_from_20_march_2017.docx