Funding Aged and Community Care

Abstract

When you have completed this chapter you will be able to: • explain the major components of aged and community care funding; • identify the funding mechanisms designed to ensure aged and community care availability to all, irrespective of socio-economic circumstances; • explain the composition of the Resident Classification Scale (ReS) and its importance to aged-care funding; • explain the difference between 'a hiqh-care resident' and 'a low-care resident' and the implications from a funding perspective; • understand the financial commitment required by the government and the cafe recipient towards the cost of care, • identify the role of asset and income tests in determination of a care recipient's financial commitment; • calculate the daily funding available to a care provider, based on the care needs and other characteristics of the resident population; • calculate the maximum accommodation payment receivable trauma care recipient; • understand the relationship between funding and the likely costs of operating aged and community care programs; and • understand the increasing importance of community care from both a social and financial perspective.