Aged care accommodation prices published
People looking for aged care services will from now on have access to clear pricing and accommodation information online to help them make informed choices.
Residential aged care providers are now required to publish the maximum accommodation prices they will charge from 1 July, as well as payment options and a description of key features of each type of accommodation room on offer.
This is an important measure that will empower consumers and their families to make decisions about their future care.
It will enable consumers to compare prices and facilities and choose the facility that best suits their needs.
And it will enable providers to highlight the best features of their services and facilities, making the sector more transparent and competitive.
Accommodation prices and information will be published at www.myagedcare.gov.au, on providers’ own websites, and in all relevant documentation given to prospective residents.
In addition, any refundable deposit greater than $550,000 (or daily payment equivalent) will be approved by the Aged Care Pricing Commissioner.
In practice, this will mean about five per cent of proposed prices will require an application to the Commissioner. The threshold will be reviewed by Government after 12 months.
These changes are part of a broader package of changes to make the aged care system more efficient, more flexible, and easier to navigate.
The My Aged Care Gateway, www.myagedcare.gov.au, is the one-stop-shop for anyone considering care for themselves or a loved one, providing information and allowing consumers to compare potential facilities in the one place.