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Bina Brown

How one Centrelink tweak saved $50,000 in care fees

When one partner or both self-funded retirees go into aged care, keeping up-to-date records with the government agency can mean lower costs.

Bina BrownContributor

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Helen Burton* discovered by chance that the cost of accommodation and care for her husband – who recently entered care with dementia – was $50,000 a year more than it should have been.

The assets that Centrelink was using to assess his fees were $400,000 more than he and Helen had.

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Bina Brown is a director of Canberra-based aged care solutions company Third Age Matters. Email Bina at bina@thirdagematters.com.au

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    Original URL: https://www.afr.com/wealth/personal-finance/how-one-centrelink-tweak-saved-50-000-in-care-fees-20240207-p5f2zi