The annual and lifetime caps applied to means-tested residential care fees.
Once the annual cap is reached, the recipient can’t be asked to pay any more means-tested care fees until the next anniversary of the date they first began receiving aged care. The basic daily fee and applicable accommodation costs are still payable.
Annual caps reset each year on the anniversary of a care recipient’s entry into aged care. Once this reset occurs, the care recipient needs to pay the means-tested care fee until the annual cap is reached again.
You can find the annual cap amounts for residential care on the Health website.
A lifetime cap applied when the total means-tested care fees paid by a care recipient over their lifetime in aged care reaches the threshold.
Once the means-tested lifetime cap is reached, the care recipient can’t be asked to pay any more means-tested care fees. They still need to pay the basic daily fee and applicable accommodation costs.
You can find the lifetime cap amounts for residential care on the Health website.