After a long wait, new legislation, which is aimed at reshaping how aged care is delivered and funded in Australia, has been passed.

Like most countries around the world, our population continues to age, making it important to have a sustainable aged care system that provides quality care and treats our older Australians with dignity. But this also requires adequate funding.

The new Act is founded on person-centred principles, which puts you, as the user of care services, at the centre. The aim is to provide more choice and greater control, as well as defined rights for older Australians.

But the money is what most people are worried about. So, here’s what you need to know to stay informed and make sure you can afford the care that you need and want.