Dad already fully supported resident. Looking at moving Mum into aged care which will result in the family home now being included in the assets test and Dad who is already in a home will be over the assets threshold.
If the nursing home is classified as ‘significantly refurbished’ he will then have to pay a DAC of $58.
If the home is not ‘significantly refurbished’ the DAC is $38.
And it goes down again if the home has less than 40% supported residents.
How do I look this up? Is there some website? When I ask nursing homes, most of the people I speak to have no idea what I’m talking about as this doesn’t fit into the standard mold they all know about. I know that financial advisors have some ability to look this up.
Do the financial advisors have access to some tool that the general public does not. Do I ring up Centrelink and ask them?
This is critical as this impacts how much Dad will have to pay after Mum moves into care.