Big changes are coming to aged care fees from 1 November 2025. If you’re planning to move into residential care or are already receiving home care, it’s more important than ever to understand how these changes could affect your finances.
What You Need to Know
The new Aged Care Act changes how much you and the government contribute to aged care costs. This includes accommodation fees, care fees, and daily basic fees. For most people with assets, costs could increase if you enter the system on or after 1 November.
The changes are designed to make the system more balanced, sustainable, and fair. How they affect you depends on your current situation, whether you are receiving a Home Care Package or living in a residential aged care home.
How This Could Impact Your Costs
- Home Care: Fees and contributions may be recalculated, meaning some people could pay more for packages than before.
- Residential Care: Accommodation costs and care fees may increase for people entering care after 1 November.
- Understanding Your Options: Every person’s situation is different, so knowing what applies to you is key.
Even small differences in calculation methods or eligibility for government support can change your costs significantly. That’s why reviewing your situation now is a smart move.
How a Financial Information Service Can Help
My Care Journey’s Financial Information Service provides free, independent information and education to help you make informed choices. We can:
- Explain the different types of aged care costs in simple terms
- Show how government support works and what you may be eligible for
- Compare costs and options between providers
We don’t give financial advice, recommend products, or make decisions for you, but we do help you understand your options and the changes coming to aged care costs.
Now Is the Time to Review
With the changes coming into effect on 1 November, it’s the perfect moment to look at your current situation and consider your options. A few minutes spent reviewing your finances now could save stress and surprises later.
Take the First Step
Have a chat with out team and learn how clear, independent information can make a big difference.