If you or your loved one is considering moving into residential aged care, it’s important to understand how the upcoming aged care reforms—effective from 1 July 2025—could impact care fees and funding.
We spoke with Clarity Aged Care Advisors to help clear up some of the changes, to aged care fees, come July 1st and have created the below snapshot.
Those already receiving aged care services before this date will be grandfathered into the current aged care funding model. However, for individuals yet to enter aged care, the new rules bring added financial complexity, making it more important than ever to seek professional aged care advice.
Key changes include CPI-indexed aged care fees and a stronger focus on means testing, which could significantly affect the cost of aged care. While these reforms aim to build a more sustainable aged care system, they will also result in higher care contributions for those with greater financial capacity.
Everyone’s situation is unique, and there is no easy answer but with the 1 July 2025 transition fast approaching, getting expert guidance now can help families plan ahead, potentially reduce aged care costs, and ensure the best outcomes when navigating the aged care system.
Get financial advice and guidance for transitioning family members to an aged care facility
Clarity Aged Care Advisors, in partnership with DailyCare