Over the past few months, we’ve been introducing you to the upcoming Support at Home program, a major aged care reform starting on 1 July 2025. One of the biggest concerns among seniors today is financial pressure, and this new program aims to provide more affordable and accessible in-home care services.
The Financial Challenges Facing Seniors
Many older Australians are struggling with the rising cost of living. A recent survey found that 59% of seniors feel their financial situation has worsened due to increasing expenses. Alarmingly, 20% have delayed or skipped essential medical treatments because of financial concerns. Additionally, 53% worry they may not have enough money to support themselves, highlighting the need for more affordable care options.
How the Support at Home Program Will Help
The Support at Home program is designed to ease financial pressures by making in-home care more accessible and affordable. Some of its key features include:
- Government-Subsidised Services The full cost of clinical care services, such as nursing and physiotherapy, will be covered, ensuring seniors receive essential healthcare without extra expenses.
- Income-Based Contributions Costs for personal care and daily living support will be based on income and assets. Full pensioners will contribute minimally, while self-funded retirees may have higher contributions, ensuring fairness in the system.
- Lifetime Contribution Cap A lifetime cap on contributions will be introduced to prevent excessive costs and provide financial security for those needing long-term care.
- Additional Government Funding Extra funding has been allocated to help seniors stay independent at home for longer, including personal care, meal preparation and home modifications to improve safety and accessibility.
While many of the details are still being finalised, these measures aim to reduce financial stress for older Australians, ensuring they receive the care they need without overwhelming costs.
We’re Here to Help
As we move closer to 1 July 2025, All About Living remains committed to supporting you through this transition.