Skip to main content

Important Updates to Education Flyers, Strategy & Product Text

Overview of our quarterly strategy review

Updated over a week ago

We've made several updates across our strategy content to ensure you have the latest information at your fingertips!


Strategy Flyers

  • Aged Care – Current maximum daily fee for residential care has been increased from $63.82 per day ($23,294.30 pa) to $65.55 per day (23,925.75 pa). For home care, the maximum daily fee has been increased from $13.14 ($4,796.10 pa) to $13.49 ($4,923.85 pa).

  • Commonwealth Seniors Health Card – income limits increased as per below:

    * If you're single – cap increased from $99,025 to $101,105

    * Couples – cap increased from $158,440 to $161,768
    * Couples (separated) - cap increased from $198,050 to $202,210

  • Centrelink means testing and deeming – We’ve updated the deeming rates to reflect current thresholds. The lower deeming rate has increased from 0.25% to 0.75%, and the upper deeming rate has increased from 2.25% to 2.75%.

Strategy Text

📌New Strategy Text added:

  • Retain your existing insurance cover

📌Strategy Text updates:

  • Commence a Home Care Package – Maximum daily fee rate
    changed from $37.70 to $38.72 and annual amount changed from
    $13,724.45 to $14,095.20

  • Enter Aged Care Facility and Restructure your Finances – note
    added in regards to the current interest rate decreasing from 7.78% to
    7.61% from 1st October.

Product Text

📌New Insurance Product Text added:

  • Encompass Protection

Did this answer your question?