$1 .1 Billion unspent home care packages.
An average Home Care package will have $8,500 unspent, in other words with balance in credit.
130,000 home care packages nation-wide.
average of $8500 per Home Care Package.
Unspent funds return if your package ends.
Ref: Stewart Brown Reporting in Aged Care.
Link to their full report at the end of this post
That’s right, over one billion dollars is currently sitting unspent across the nation in 130,000 Home Care Packages. That means there is an average of $8,500 in every package. This can happen easily, particularly with level 3 or 4 Home Care Packages.
Our experience with Mum, who was on a level 4 package, was just idly looking at her Care Provider Statement. The balance was increasing each month. After a while we realized that Mum was accumulating over $500 each month and her account had $17,000 unspent.
How about you?
Check your monthly statement from your Home Care Provider. If the balance seems to have increased from one statement to the next, it’s likely in credit meaning you are accumulating unspent funds. If you are unsure call your Care Provider and ask.
It’s actually in both your best interests to reduce this by spending it.
If you have unspent funds you can be a hero
Help Re-build our economy
You can do your bit to help re-build the economy, especially small business after the devastation of 2020. If you have unspent funds in your Home Care package, you can be a mini financial stimulis to small business in your area. Find out from your care provider what you can spend funds on. But here is a list straight from the source.
Here is where we fit in…
we are iStay@Home
We have a smart home solution that helps families and carers assist older Australians to stay safe and age gracefully in their own home. It’s part remote monitoring, part personal safety, so it complies with all requirements for being fully funded by your Home Care package.
Activity driven…
iStay@Home uses sensors installed
