The combined Assets and Income (Means) Test assessment is used to determine the daily rate of aged care fees payable by a care recipient who is planning to enter, or is currently residing in, a residential aged care home.
It’s also used to calculate the amount of government assistance you’ll receive on the care recipient’s behalf.
Read more about the combined Assets and Income (Means) Test assessment.
The test assesses the care recipient’s income and assets, including:
- income support payments from us or the DVA
- deemed income from financial investments
- net rental income
- net income from businesses, including farms
- superannuation and overseas pensions
- income from income stream products, such as annuities and allocated pensions
- family trust distributions or dividends from private company shares, and
- property or items of value the care recipient owns or has an interest in
A care recipient’s rental income from their former principal home is exempt from the test if the care recipient:
- entered care before 1 January 2016, and
- is making periodic accommodation payments or a combination of periodic and lump sum accommodation payments
If a care recipient leaves residential care for more than 28 days, rental income from their former principal home is included in the aged care means test when they re-enter care.
In some situations the fee advice differs to what the care recipient was expecting. It may be because we or the DVA have additional information about the care recipient.
Care recipients must provide information about their finances to us or the DVA in order to complete the assessment.
A means test assessment isn’t required before a care recipient enters residential care. Care recipients can choose not to have their means assessed and pay the full cost of care, subject to annual and lifetime caps.
Prospective care recipients can complete means test assessments up to 120 days before entering residential care. Their initial fee notification advice is valid for 120 days unless they tell us of a significant change in their circumstances.
We contact care recipients if they submit incomplete assessments. If this is unsuccessful we’ll write to the care recipient. If care has already started, we’ll send you a letter to ask for more information.
Assessments not submitted
We send reminders if the care recipient is already in care and hasn’t submitted a request for an assessment. If they don’t submit a completed assessment after these reminders they’ll pay the full cost of care and the agreed accommodation price. We send you and the care recipient notification letters with this advice.
When the assessment has been completed, we send an assessment outcome letter to the care recipient and nominee. It lets them know about any fees the care recipient needs to pay.
After entry into aged care
When the care recipient starts care, you need to enter their details into the online Aged Care Entry Record for means testing data matching. If an assessment has already been completed, you’ll receive the fee notification letter for the care recipient.
Use the Aged Care Entry Record form – AC021 to tell us if a care recipient has entered either permanent residential care or commenced receiving a Home Care Package on or after 1 July 2014.