If you have no partner or your partner is also in long term care your total assets must be valued at $218,423 (1st July 2016) or less before you can qualify for the subsidy. If your assets are over this threshold you do not qualify.
If your partner is not in care and your combined assets are less than $119,614, not including the value of your house and car you can qualify for the subsidy.
Or, if your combined total assets are less than $218,423 including the value of your house and car you can qualify for the subsidy.
The asset threshold increases by CPI (inflation) on the 1st July each year.
If you do qualify for residential care subsidy your income is also assessed. Income includes: