13 May 2019

Aged Care Home Packages: What You Need to Know

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By Michael Rambaldini

Director |Certified Financial Planner | Aged Care Professional

Recently, the Royal Commission into Aged Care Quality and Safety has scrutinised the quality and care of residential aged care, in the hope of shedding some light regarding the status of aged care services in Australia.

Quite a number of older Australians prefer to remain in their homes rather than being in an aged care facility. Having their family and loved ones nearer allows them to feel more comfortable in facing the remaining years of their lives at home.

The Government in its effort to make things easier and more convenient for these seniors, has managed to provide funding to release 40,000 new home packages. This could have been great news for these seniors, if not for the existing delay and even more alarming number of them who are still on a waiting list to receive these aged care home packages.

First of all, what are Aged Care Home Packages?

This relates to a fixed budget or an amount given to seniors, which they can use for certain support from a nominated and accredited care provider.

This amount can also be increased based on the level of assessed needs. Currently, there are four package levels associated with this programme.

Whoever will be getting these packages should be able to provide co-contributions unless they are experiencing financial hardship.

CHSP (Commonwealth Home Support Programme) assessment is done initially before ACAT (Aged Care Assessment Team) and will proceed to check your eligibility.

Registration usually can be done online or by phone, but sometimes you’re referred by your Medical Practitioner or local hospital. 

It is always good to register early, so if you have family members and friends who need to be in this programme it is better to start their registration as soon as possible.

For more in-depth discussion on these aged care home packages, you can call us so we can help. Please visit our website www.verante.com.au and we will be glad to help you.

Verante Pty Ltd is a Corporate Authorised Representative of Viridian Select Pty Ltd, ABN 41 621 447 345, AFSL 515762. This information has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on this information consider its appropriateness, having regard to your objectives, financial situation and needs.