Subscriber announcements

Aged Care Alert – January 2022 indexation – Updated Schedules, Quarterly Review and increase to MPIR

An update of the Schedules for residential and home care fees and charges will take effect from 1 January 2022.

Date published:
Type:
Subscriber announcement
Audience:
Health sector

Updated Schedules

View the updated Schedules for:

Quarterly Review

Services Australia’s Quarterly Review of residential and home care fees will take effect from 1 January 2022. Aged care recipients and providers will receive letters letting them know if there is a change to a care recipient’s fees and charges or if a refund may be due.

Increase to MPIR from 1 January 2022

The maximum permissible interest rate (MPIR) will increase to 4.04% for the period from 1 January to 31 March 2022 for calculating:

  • accommodation prices
  • interest on refunds of accommodation lump sum balances.

View current and past rates of the MPIR. 

What you need to do

Residential care providers must ensure:

  • their published accommodation prices on the My Aged Care website are up to date. If you have any questions call the My Aged Care service desk on
    1800 836 799
  • the accommodation prices published on their own website and in relevant written materials are up to date.
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