The Federal Government will provide an additional $662 million in funding for aged care and senior Australians in what it is calling a “significant investment,” ABC News reports.
The bulk of the money will go towards two key initiatives, with more than $280 million committed for 10,000 additional home care packages and $320 million allocated for aged care providers to help increase support.
Aged Care Minister Ken Wyatt said the investment aims to speed up access to home care and reduce the number of people on waitlists.
“Home care packages and an increase to residential care means we’re giving people options to the services they access,” Mr Wyatt said.
Greater funds will also be allocated for home care supplements for people with moderate to severe dementia.
Mr Wyatt explained the $35.7 million for dementia will also have a focus on caring for veterans with mental health conditions related to their service.
“That support eases the pressure on families,” he said.
“The combination of all those services means that we can look after those with the need, so it’s a significant boost.”
The Minister said the initiatives are on top of future investments into the aged care sector.
“This work is outside of what will come out of the Royal Commission. It’s part of our roadmap and is part of our total commitment to resolve issues and challenges,” he said.