There are a number of costs associated with our aged care homes, and getting an idea of how they impact your finances can be difficult. How much you pay for aged care support depends on the type of help you need, your financial situation, and the services you receive.
If you are eligible to be in one of our residential care facilities, you may have to pay
• a basic daily fee, or
• a basic daily fee and accommodation costs, or
• a basic daily fee and a means-tested care fee and accommodation costs.
What is a RAD / DAP?
You may have heard the term before but not be sure what they mean. Depending on your individual circumstances, you may need to make an accommodation payment. The RAD and the DAP are the two ways you can choose to pay this.
The Refundable Accommodation Deposit (RAD) is a lump sum payment which is fully refundable when the room is vacated.
The Daily Accommodation Payment (DAP) is a daily payment which is not refundable. You may also pay a combination of RAD and DAP. For example, part lump sum payment and part daily payment.
RAD and DAP
|Archbishop Goody||Standard Room||360,000||39.85|
|Ocean Star||Standard Room||360,000||39.85|
|St Vincent’s||Standard Room||550,000||60.88|
|Ground Floor Suite||650,000||71.95|
|Elevated Courtyard View||650,000||71.95|
|Elevated Reserve View||750,000||83.01|
|Elevated River Views||850,000||94.08|
We want to make sure you feel like you are at home. For this reason we have a number of additional services across our residential care homes.
Depending on the home you choose we will be able to provide you with information on the additional services we can provide and their associated costs. You will only be charged for additional services that you choose.
Basic daily fee
All our residents are required to pay a basic daily fee. Based on current rates, the maximum basic daily fee is $53.56 per day, or $19,239.15 per year
This fee helps pay for your day-to-day services such as meals, cleaning, facilities management and laundry. Everyone is expected to pay a basic daily fee to cover these services. The basic daily fee is 85% of the single person rate of the basic age pension. The government sets the price on 20 March and 20 September each year, changing in line with increases to the age pension. Prices are published on the Department of Health website.
You pay your basic daily fee directly to your aged care home, generally on a fortnightly or monthly basis. The fee applies for every day you are a resident, including days when you might be away overnight; for example, on holiday or in hospital.
Means-tested care fee
The Australian Government pays for the cost of care in an aged care home. Depending on your income and assets, you may be asked to contribute towards this cost in the form of a fee, this is in addition to the Basic Daily Care fee.
Not everyone will have to pay a means-tested care fee. The exact amount you will pay is determined through a means assessment.
The means-tested care fee is an ongoing fee that you pay towards the cost of your personal and clinical care. Personal care can include help with bathing, dressing, grooming, and going to the toilet. Clinical care can include services like specialised nursing services, medication assistance, or catheter care.
Annual and lifetime caps
There are annual and lifetime caps on means-tested care fees. The maximum we as an aged care home can charge you is:
• $28,792.36 per year, or
• $69,101.75 in a lifetime.
Financial Hardship Assistance
Financial Hardship Assistance is available if you have difficulty paying fees for residential aged care. To apply, simply complete and lodge the Department of Human Services Application for financial hardship assistance form.
The fees still not making sense? Please feel free to call and chat through your options with us today.