Newspaper Article: Aged care funding changes give power to the people

"CHANGES to aged care funding this week are set to give older Australians greater control of money spent to help keep them living at home.

The new Consumer Directed Care program starts on July 1 and is expected to impact about 200,000 people. It removes spending decisions worth billions of dollars from home care providers and hands them to families, and follows government concerns that some providers were not doing what they should.

However, seniors with more money will have to pay extra. An income-tested care fee, for people earning more than $25,264.20 a year will be charged up to a maximum of $5000 a year for part-pensioners and $10,000 a year for self-funded retirees, up to a lifetime limit of $60,000."

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"Aged care funding changes give power to the people"

  • Author: Anthony Keane
  • June 30, 2015 3:31PM