ASK THE EX­PERT

The Sunday Times - - BUSINESS WEEKLY -

QI have a query re­gard­ing the means-tested care fee for res­i­den­tial care. On the My Aged Care web­site it states that the amount a per­son needs to pay will de­pend on their fi­nan­cial sit­u­a­tion, as well as the cost of their care. How does the gov­ern­ment de­ter­mine the cost of a per­son's care?

AThe cost of care is the amount of fund­ing the fa­cil­ity would re­ceive from the gov­ern­ment. The fa­cil­ity can­not get more from the res­i­dent than they would from the gov­ern­ment. For ex­am­ple, if the cal­cu­lated means-tested care fee was $200 a day but the amount of fund­ing the fa­cil­ity was go­ing to get from the gov­ern­ment was $100 a day, then the means-tested care fee would be capped at $100. The cost of care is based on the per­son’s needs.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.