Former Home and Rent
July 5, 2020
For most people looking at funding aged care the biggest decision they face is whether to keep (and possibly rent) or sell the former home
This document is part of the Aged Care Gurus Advice Library. You can find templates for SOA Wording, DVA Forms, Aged Care Forms, and Centrelink Forms.
Members also have access to the Marketing Library, Technical Library and Further Education.
For most people looking at funding aged care the biggest decision they face is whether to keep (and possibly rent) or sell the former home
While the NDIS continues to be rolled out across Australia until 2020, young people living in aged care may find themselves as “dual participants” – living in aged care and able to access NDIS funding. NDIS funding can be used to pay towards some (not all) of the costs of aged care accommodation and care. NDIS funding can also be used to access services in addition to the aged care services, where the aged care provider is also an approved NDIS provider these services may be delivered by the aged care provider.
Aged Care Providers are required to refund the balance of a resident’s Refundable Accommodation Deposit/Contribution or Accommodation Bond within legislated timeframes.
Current as of March 2020
