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An income support payment is a regular payment that helps you with living costs. An income support payment includes: Age pension, austudy, bereavement allowance, carer payment, disability support pension, farm household allowance, ewstart allowance, parenting payment, partner allowance, sickness allowance, special benefit, widow allowance, wife pension, youth allowanace. In addition; DVS ISP include income support supplement, service pension and veteran payment.
For people who enter residential aged care after 1 July 2014 a means tested amount is used to determine how much they can pay for accommodation and care.
The Means Tested Care Fee applies to residents who enter aged care after 1 July 2014, including Low Means residents when they have a change of circumstances. The Means Tested Care Fee is used by the government to offset funding provided to the facility through the Aged Care Funding Instrument (ACFI). The amount the resident can pay is capped at the lesser of the calculated amount or their cost of care. There is also an annual limit of $28,087.41 and a lifetime limit of $67,409.85 (which includes any Income Tested Care Fees paid towards a Home Care Package).
