10. Should Self-Funded Seniors accept a Level 3 or 4 Home Care Package?
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Should a Self-Funded senior who has been assigned (offered) a Level 3 or 4 Home Care Package accept it? Absolutely! Self-Funded Seniors should take up their assigned Level 3 or 4 Home Care Package because the real tax-free financial benefit to them is $15,880.98pa for a Level 3 Package and $30,142.26 for a Level 4 package, which goes towards the cost of your in-home care.
Level 3 Home Care Package financial viability for a Self-Funded Elder (correct from 20/3/2022 to 19/9/2022)
Assumptions:
- fully Self-Funded senior;
- not entitled to a cognitive or DVA 11.5% pa supplement; and
- Daughterly Care does NOT charge the Maximum Basic Daily Care Fee
| Annual Level 3 Home Care Package Government Funding | $34,550.90pa |
| Less: Government doesn’t pay an amount equal to the Income Tested Care Fee for a fully Self-Funded senior | (- $11,759.74pa) (Effectively a 34% wealth tax) |
| Less: Approved Provider Fee for administering the Home Care Package according to Program Rules, reconciling actual Government funding received to what should be received and chasing underpayments + Case Management of care, is 20% (industry average fee is 34%) | (- $6,910.18pa) |
| Equals: the Real Benefit of a Level 3 Home Care Package for a Self-Funded Senior | = $15,880.98 each year towards tour in home care. That’s a tax free benefit that is not counted as income for you. |
So, your Government Subsidised Level 3 Home Care Package through Daughterly Care will provide $305.40 per week of in home care.
Level 4 Home Care Package financial viability for a Self-Funded Elder (correct from 20/3/2022 to 19/9/2022)
Assumptions:
- fully Self-Funded senior;
- not entitled to a cognitive or DVA 11.5% pa supplement; and
- Daughterly Care does NOT charge the Maximum Basic Daily Care Fee
| Annual Level 4 Home Care Package Government Funding | $52,377.50pa |
| Less: Government doesn’t pay an amount equal to the Income Tested Care Fee for a fully Self-Funded senior | (- $11,759.74pa) (Effectively a 22% wealth tax) |
| Less: Approved Provider Fee for administering the Home Care Package according to Program Rules, reconciling actual Government funding received to what should be received and chasing underpayments + Case Management of care, is 20% (industry average fee is 34%) | (- $10,475.50pa) |
| Equals: the Real Benefit of a Level 4 Home Care Package for a Self-Funded Senior | = $30,142.26 each year towards tour in home care. That’s a tax free benefit that is not counted as income for you. |
So, your Government Subsidised Level 4 Home Care Package through Daughterly Care will provide $579.67 per week towards your in home aged care.
The Definitive Guide to Government Funded Consumer Directed In Home Aged Care Packages
1. What is a Consumer Directed Care (CDC) in Home Care Package?
2. How many hours of support or care can I receive for my Home Care Package?
3. What can a Government Subsidised Home Care Package pay for?
4. What are the costs of a Consumer Directed Care (CDC) Home Care Package?
5. What does Consumer Directed Care (CDC) Home Care Package mean?
6. Consumers’ 9 New Rights under Consumer Directed Care (CDC)
7. How do you apply for a Government Subsidised Home Care Package?
8. Are you approved or assigned a Government Funded Home Care Package?
9. Should Self-Funded Seniors accept a Level 2 Home Care Package?
10. Should Self-Funded Seniors accept a Level 3 or 4 Home Care Package? Current Page
11. Should a Pensioner accept a Level 1 or 2 Home Care Package?
12. How do I start my Home Care Package?
13. How do I transfer my Home Care Package to Daughterly Care Community Services?
14. How do I know if the Home Care Package fees I’m being charged are fair?
15. How will Consumer Directed Care (CDC) benefit my loved one?
16. Is Consumer Directed Care (CDC) working?
17. Will Consumer Directed Care (CDC) make it easier for my loved one to stay at home?
18. What happens to the Unspent Funds in my Government Funded / Subsidised Home Care Package?
19. If I hold a DVA Card can I have an In Home Care Package too?
20. Can I take leave from my Home Care Package?
21. Frequently asked questions about Consumer Directed Care (CDC) Home Care Packages
Discover the secret to getting more out of your Consumer Directed Care (CDC) Home Care Package!
Do you have a question that isn’t answered here or just looking for more information? Browse our FAQs.
11. Should a Pensioner accept a Level 1 or 2 Home Care Package?
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