How much does residential care cost?
The Australian Government contributes to the cost of your residential aged care by providing a level of funding directly to the facility, but it also expects a contribution to the cost of care by the person receiving the care.
Residents can be asked to make 2 types of payments:
1. Daily Fees contribute towards your daily living costs, such as nursing, meals, linen, heating etc. Daily fees are comprised of two parts:
a. Basic Daily Fees: All residents are required to pay this. and is based on 85% of the full adult pension.
b. Income Tested Fees: are contributed by residents who have a higher income.
2. Accommodation Payments contribute towards the cost of your accommodation. You will only pay this if your assets exceed an amount set by the Australian Government. Accommodation payments are comprised of two parts and you may be asked to contribute either
a. Accommodation Bond if you are in low care or an extra service facility.
b. Accommodation Charge if you are in a high care facility.
The Australian Government has set a number of places aside for residents who are unable to afford an accommodation payment.
All residents who enter a residential aged care facility will be required to have an income and an assets assessment from etiher Centrelink or Veteran Affairs. The income test determines the amount of income tested fees you are required to pay and the asset test will determine if your are eligible to pay an accommodation payment.
You will be required to complete a Request for an Assets Assessment. This form is available from your ACAT team or you may call the Aged Care Information Line (1800 500 853) and they will send you a copy.
Residents can be asked to make 2 types of payments:
1. Daily Fees contribute towards your daily living costs, such as nursing, meals, linen, heating etc. Daily fees are comprised of two parts:
a. Basic Daily Fees: All residents are required to pay this. and is based on 85% of the full adult pension.
b. Income Tested Fees: are contributed by residents who have a higher income.
2. Accommodation Payments contribute towards the cost of your accommodation. You will only pay this if your assets exceed an amount set by the Australian Government. Accommodation payments are comprised of two parts and you may be asked to contribute either
a. Accommodation Bond if you are in low care or an extra service facility.
b. Accommodation Charge if you are in a high care facility.
The Australian Government has set a number of places aside for residents who are unable to afford an accommodation payment.
All residents who enter a residential aged care facility will be required to have an income and an assets assessment from etiher Centrelink or Veteran Affairs. The income test determines the amount of income tested fees you are required to pay and the asset test will determine if your are eligible to pay an accommodation payment.
You will be required to complete a Request for an Assets Assessment. This form is available from your ACAT team or you may call the Aged Care Information Line (1800 500 853) and they will send you a copy.