Privacy Notice: We use cookies to improve your experience on our website. You can find out more and opt out by clicking here.


Aged care is changing

Retirement  |  29/05/2017  |   5 min read

When loved ones become frail and elderly, families may feel that moving them into a retirement home is their only option. 

Recent changes to home care provision funding means that’s no longer the case. Older people now have access to a much broader, but also more personalised assistance if they want to keep living at home.

While traditional services such as help getting dressed, meal preparation and transport to hospital appointments are available, people can also opt to use funds for cultural outings or even a visit to the local golf course. This consumer directed approach helps people maintain their lifestyle and community communications.  

Qualifying for help

To qualify for at-home care, you need to have an Aged Care Assessment Team (ACAT) assessment. There are four levels of assistance: basic care needs, low level care needs, intermediate care needs, and high level care needs. The amount of government subsidy you receive depends on the level at which you have been assessed. The higher the care needed, the higher the subsidy. 

In the past, the services offered were not as flexible. Under the new system, you have much more freedom to fine tune the services you receive and control your aged care package. 

Central waiting list

The new legislation also means that the waiting list system has changed. Now, once you have received your ACAT assessment, you’re placed in a central waiting list. 

Your place on the list will depend on your immediate needs and circumstances as well as the time you have been waiting for care. Once you reach the front of the queue you will be assigned a home care package that you can use to receive care from a provider of your choice. 

It’s a good idea to use your time on the waiting list to investigate what provider is best for you, both geographically and in terms of the services they can deliver. 

My Aged Care will help you choose a suitable provider but you can also check out the possibilities by visiting the My Aged Care website. On the website, you will see the providers available in your area and their specialities in terms of culture, religion, and language. 

Additional contributions

You may have to contribute to the cost of your care, as the subsidy is means tested. The threshold for additional contributions is an income of $25,792 a year for singles. 

If you already receive subsidised care, you will automatically be assigned a home care package under the new regime. And if you had been receiving a lower level of care than your ACAT assessment, then you will automatically move up to your correct level. 

Switch providers

If for some reason you have been unhappy with your current service provider, then you can now switch providers. The funds that have been allocated to you to pay for your services will move with you. But be aware that there may be exit fees associated with switching from one provider to another. It’s expected that the ability to switch will deliver a higher standard of service as providers compete to get your business. 

Any unspent funds must be rolled over from month to month and year to year for as long as you remain in the package. When you die or enter a nursing home, these unspent funds will be returned to you or your estate. 

While the old system had some choice insofar as you could discuss what your needs were, the new rules are much more flexible. They also offer families the peace of mind that comes from knowing your loved ones can continue to live well in familiar surroundings. 

You can read more about the legislative changes here. A financial planner can also help you understand your options.


This information is provided for general information only. It does not take into account your personal objectives, financial situation or needs and should therefore not be taken as personal advice. You should consider whether it is appropriate for you before acting on it and, if necessary, you should seek professional financial advice. Before making a decision to invest in the Equipsuper Superannuation Fund, you should read the relevant Equip Product Disclosure Statement (PDS). Past performance is not an indication of future performance. Issued by Equipsuper Pty Ltd ABN 64 006 964 049 AFSL 246383. 

Low fees and a history of strong returns. Compare us.

Get in touch

Do you need additional assistance?

Fill in your details, and Equip’s Member Services team will call you back.

Thank you. An Equip representative will be in touch shortly.