May 27 @ 9:30 am – 1:30 pm

AUDIENCE: Residential admissions, finance and any other staff who need a practical working knowledge of the LLLB accommodation payment regime.
PRESENTER: Andrew Harris from Andrew Harris Business Consulting
LOCATION: Uni SA – The Mawson Centre, 2-8 Main Street, Mawson Lakes

 

Participants will gain knowledge of the rules for pricing and publishing of accommodation, calculations regarding Refundable Accommodation Deposits / Contributions (RAD & RAC) and Daily Accommodation Payments / Contributions (DAP & DAC), how means testing works and its potential effects on resident co-contributions.

 The session also covers the higher accommodation supplement and how to become eligible, and when and how to apply to the Aged Care Pricing Commissioner for increased maximum room prices. This session is interactive, hands on, practical and face-to-face and includes a range of fully worked examples and exercises designed to demonstrate the “how to” of the payment rules.

Accommodation Pricing and Publishing:

  • What has to be published and where?
  • Prescribed factors for determining room prices
  • Rules for charging room prices greater than Level 2 maximum price
  • Applying for room prices greater than Level 2 maximum price

  New Means Testing for Residential Care Subsidy and Fees:

  • What is it?
  • How does it work?
  • Potential effects on care subsidies and fees
  • Annual & lifetime caps explained
  • Worked example

 Resident Co-Contributions-Means Tested Care Fees:

  • Care subsidy co-contribution explained
  • Accommodation supplement & co-contribution explained
  • Worked example

 Accessing the Higher Level of Accommodation Supplement:

  • Significant refurbishment explained
  • How to qualify
  • Applying for the higher supplement
  • Worked example

 How to calculate RADs and DAPs, RACs and DACs:

  • Threshold levels explained
  • Rules for charging each level
  • Converting a RAD to a DAP & a DAC to a RAC
  • Worked scenarios

 Some Potential Risks and Strategies:

  • Impact of DAPs on cash flows
  • Impact on profit & loss
  • Impact on bad debts
  • Impact on back office

To register online, please click the Eventbrite link below (charges apply) or download the PDF document, and email to enquiry@acia.asn.au.