Aged Care Changes July 1

[Discomark]

Seems its going to get a lot more expensive to move into an Aged care facility from July 1.
Aged care reform - Challenger (http://www.challenger.com.au/retire/reform.asp)


Just in the process of moving my Dad to a High care facility and seems he could now be up for the new means tested method.
Seems to be quite a jump in the fee's but I guess we will find out soon.


I would imagine a lot of assets will soon be switching ownership!

[DoubleChevron]

Good grief... there basically forcing them to sell the family home. What happens if a wife/husband still lives in the house :eek:

Let me guess, they just don't go into care regardless of how difficult it makes matters at home.

[DiscoMick]

Is that actually approved by parliament or one of the proposed changes held up in the Senate?

[Discomark]

It was the Nursing home staff that told me that the changes were taking effect from July 1.
The Government website also backs this up.
I have not gone through all the details yet but it does look like they are switching to a means tested approach..


Aged care home costs from 1 July 2014 | My Aged Care (http://www.myagedcare.gov.au/aged-care-changes-1-july-2014/aged-care-home-costs-1-july-2014)