Aged care
IHACPA's expanded role in providing independent aged care pricing advice will aim to ensure that aged care funding is directly informed by the actual costs of delivering care.
Important notice:
On 12 September 2024, the Australian Government announced an increase to the maximum accommodation price for RADs effective 1 January 2025. Please note current RAD applications remain unaffected by this announcement.
If you require more information, please refer to the Response to the Aged Care Taskforce – Accommodation reform fact sheet.
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Background
IHACPA will provide advice to inform Commonwealth Government decisions on the costing and pricing of aged care services from 1 July 2023.
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Residential aged care
The Commonwealth Government has commenced funding reform of residential aged care, transitioning to IHACPA's system of activity based funding.
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Home care
Home Care Packages (HCP) provide support to older people assessed as having more complex needs to help them stay at home.
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Aged care costing
Cost collections provide a better understanding of the actual costs of delivering aged care services in residential and in-home settings.
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RAD approvals
A refundable accommodation deposit (RAD) is the lump-sum payment for a room (or part of a room) in an aged care home. Each residential aged care provider sets their own price for different kinds of rooms.
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Extra service fee approvals
Some residential aged care rooms have extra service status. This means that they can charge residents a regular extra service fee to provide residents with a bundle of higher standard hotel-type services.
