Many pensioners will be required to pay more for their aged care and providers will be allowed to keep small portions of a “refundable” accommodation deposit, under sweeping changes to prop up the sector.
The federal Labor government says reforms will deliver $930m into aged care over the next four years but save $12.6bn over the next decade by asking wealthier people to contribute extra money to their care. People already in aged care won’t have to pay more but those entering the system in future will be assessed under a new means-testing formula to better support accommodation costs and providers.
