Accruals Overview

Support at Home clients will have the useful option of being able to accrue unspent funds and move amounts of unspent funds between quarterly budget periods.

Provider Challenge

From a provider perspective it will be important to effectively track dynamic client budgets and work with the client to maximise the benefit and use of their quarterly and accrued funds.

Accrued funds do not accumulate over multiple periods meaning that, when it comes to accrued funds, it might be a case of use it or lose it!

Participant Benefits

From a client perspective this feature of the program will help provide some useful flexibility when dealing with unplanned events and unknowns.

Clients can move up to $1000 or 10% of their quarterly budget, whichever is higher.

Example Q1 unspent funds accruing in Q2

Geoff has a Support at Home plan with a classification level of 2 ($4000 a quarter). Geoff’s plan is designed to help with some personal care services, meals & social engagement. Due to a family member visiting for a few weeks in quarter one, Geoff only used $3500 of his $4000 quarterly budget.

Higher of the two

As the unspent balance in this case is higher than 10% of the budget and less then $1000, Geoff is able to accure $500

The Following Quarter

Geoff carries over $500 meaning that in quarter two Geoff has a $4500 quarterly budget

Geoff works with Care Planner to arrange extra support throughout quarter 2

Care Planner

In this example, Geoff can carry over some funds to the next quarter, here are the options when we run this scenario against the accrual rule:

• The balance remaining from the quarter = $500

• 10% of his quarterly budget = $400