Family home to be spared from aged care funding revamp: PM
The Albanese government has baulked at increasing the mean-test threshold on the family home that helps determine aged care fees, as it moves towards a model of user pays to keep the system sustainable.
Prime Minister Anthony Albanese confirmed that as part of the government’s response to the review by its handpicked Aged Care Task Force, chaired by Aged Care Minister Anika Wells, the family home threshold will be left unchanged at $197,735, and contributions will be based on other assets.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Federal
Fetching latest articles