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Fees

Residential aged care fees and costs

Approved providers of residential aged care may charge:

  • A basic daily fee
  • A means-tested care fee
  • An accommodation payment or contribution

Read more about residential aged care fees and accommodation costs.
https://www.health.gov.au/health-topics/aged-care/providing-aged-care-services/charging-fees-for-aged-care-services

 

Costs explained

Basic daily fee

Based on current rates, the maximum basic daily fee is $53.56 per day, or $19,545.40 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 means-tested care fee that you pay will be between $0 to $259.26 per day.

Not everyone will have to pay a means-tested care fee. The exact amount you will pay is determined through an income and assets 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

Annual and lifetime caps

There are annual and lifetime caps on means-tested care fees. The maximum an aged care home can charge you is:

  • $28,792.36 per year, or
  • $69,101.75 in a lifetime.

If you don’t complete an income and assets assessment, you will not be eligible for Australian Government assistance towards your accommodation costs. You can also be asked to pay the full cost of your care $259.26 per day until you reach the annual and lifetime caps.
https://www.myagedcare.gov.au/aged-care-home-costs-and-fees

 

Accommodation

Each home sets its own pricing, depending on factors such as the location of the facility and the size of the rooms. The amount you pay for your accommodation depends on your eligibility for government help. At Pines Living Single Room with Ensuite price is $550,000

Self-funding your accommodation
If you’re not eligible for government assistance, the amount you pay will depend on:

  • the type of room you choose
  • your price negotiations with your aged care home.

the type of room you choose
If you are not eligible for government assistance, the price you agree to pay will vary depending on what type of room you choose. For instance:
  • whether you choose a single or shared room, or opt to have a shared bathroom or ensuite
  • the size of the room
  • the geographical location of the aged care home.

While there is flexibility in how you pay for your accommodation, it’s still important to choose a room within your budget. You can find and compare room costs using the Find a provider tool.

Your price negotiations Whether you have to pay towards y our accommodation or not, everyone entering an aged care home needs to agree a room price in writing with their aged care home. Aged care homes are required to publish their maximum accommodation costs for their various rooms on this website. You and the home can negotiate and agree to a lower price, but you cannot be charged more than the maximum published price.

 

Do I have to pay the full cost upfront?

No, you have a choice as to how you can pay. The options available are:

    a lump sum (a refundable accommodation amount)
  • If the government is helping with the costs, this is called a Refundable
  • Accommodation Contribution (RAC).
  • If you are paying the full amount yourself, it’s called a Refundable Accommodation Deposit (RAD).

    rental-style daily payments (a daily accommodation charge)
  • If the government is helping with the costs, this is called a Daily Accommodation Contribution (DAC).
  • If you are paying the full amount yourself, it’s called a Daily Accommodation Payment (DAP).

  • or a combination of both (for instance, to make the total required of $550,000 you could choose to pay $200,000 as a refundable lump sum, and the rest through smaller non-refundable daily payments).

If you choose to pay an amount as a lump sum, any unused money is refundable when you leave the home.

 

RAD DAP Calculations - Double Room for single use (Premium Suites)

1 October 2021 to 31 December 2021

Agreed Price If RAD paid MPIR DAP/day
$ 895,000.00 $ 895,000.00 4.01% $ -
$ 895,000.00 $ 800,000.00 4.01% $ 10.43
$ 895,000.00 $ 700,000.00 4.01% $ 21.42
$ 895,000.00 $ 600,000.00 4.01% $ 32.40
$ 895,000.00 $ 500,000.00 4.01% $ 43.39
$ 895,000.00 $ 400,000.00 4.01% $ 54.38
$ 895,000.00 $ 300,000.00 4.01% $ 65.36
$ 895,000.00 $ 200,000.00 4.01% $ 76.35
$ 895,000.00 $ 100,000.00 4.01% $ 87.34
$ 895,000.00 $ - 4.01% $ 98.32

RAD DAP Calculations - Single Room

1 October 2021 to 31 December 2021

Agreed Price If RAD paid MPIR DAP/day
$ 550,000.00 $ 550,000.00 4.01% $ -
$ 550,000.00 $ 550,000.00 4.01% $ 5.49
$ 550,000.00 $ 450,000.00 4.01% $ 10.98
$ 550,000.00 $ 400,000.00 4.01% $ 16.47
$ 550,000.00 $ 350,000.00 4.01% $ 21.97
$ 550,000.00 $ 300,000.00 4.01% $ 27.46
$ 550,000.00 $ 250,000.00 4.01% $ 32.95
$ 550,000.00 $ 225,000.00 4.01% $ 35.70
$ 550,000.00 $ 200,000.00 4.01% $ 38.45
$ 550,000.00 $ 150,000.00 4.01% $ 43.94
$ 550,000.00 $ 100,000.00 4.01% $ 49.43
$ 550,000.00 $ 50,000.00 4.01% $ 54.93
$ 550,000.00 - 4.01% $ 60..42

RAD DAP Calculations - Double Room for couples

1 October 2021 to 31 December 2021

Agreed Price/ Resident If RAD paid/ Resident MPIR DAP/day/ Resident
$ 450,000.00 $ 450,000.00 4.01% $ -
$ 450,000.00 $ 400,000.00 4.01% $ 5.49
$ 450,000.00 $ 350,000.00 4.01% $ 10.98
$ 450,000.00 $ 300,000.00 4.01% $ 16.47
$ 450,000.00 $ 250,000.00 4.01% $ 21.97
$ 450,000.00 $ 200,000.00 4.01% $ 27.46
$ 450,000.00 $ 150,000.00 4.01% $ 32.95
$ 450,000.00 $ 100,000.00 4.01% $ 38.45
$ 450,000.00 $ 50,000.00 4.01% $ 43.94
$ 450,000.00 - 4.01% $ 49.43

Schedule of Fees and Charges for Residential and Home Care: From 20 September 2021

we don't have to give full details of schedule of fees and charges – we can just give website link because it changes every 3 month https://www.health.gov.au/resources/publications/schedule-of-fees-and-charges-for-residential-and-home-care

Income Free Area (annual amount) Home Care and Residential Care
Annual Income up to these amounts is excluded from the income test component of the residential means test and the income test in home care. To calculate the equivalent fortnightly income divide by 26.

Income Thresholds (annual amount) Home Care Income Test
Consumers with incomes above these amounts are subject to the second cap when calculating the daily income tested care fee in home care and are also subject to the higher annual cap that applies in Home Care. To calculate the equivalent fortnightly income divide by 26.

Fee/ Charge/ Threshold Rate
Maximum Basic Daily Fee  
Home Care - Level 1 package $9.88
Home Care - Level 2 package $10.44
Home Care - Level 3 package $10.74
Home Care - Level 4 package $11.02
Residential Care $53.56
Income Free Area (annual amount) - Home Care and Residential Care  
Income Free Area (single person) $28,472.60
Income Free Area (Couple, Illness separated, single rate) $27,952.60
Income Free Area (Couple, Living together, single rate) (relevant to Home Care only) $22,094.80
Income Tresholds (annual amount) - Home Care Income Test
Income Threshold (single person) $54,990.00
Income Threshold (Couple, Illness separated, single rate) $54,470.00
Income Threshold (Couple, Living together single rate) $42,083.60
Asset Thresholds Residential Care Means Test  
Asset Free Threshold $51,500
First Asset Threshold $175,239.20
Second Asset Threshold $422,717.60
Home Exemption Cap (applies separately to both members of a couple) The net value of the home above this amount is excluded from the value of the resident’s assets. $175,239.20
Caps on Income Tested Care Fees in Home Care  
First Cap (Daily cap applying on income tested care fees where the consumer’s income does not exceed the income threshold) $15.81
Annual Cap – income not exceeding the Income Threshold (Annual cap applying to income tested care fees where the consumer’s income does not exceed the income threshold) $5,785.45
Second Cap (Daily cap applying on income tested care fees where the consumer’s income exceeds the income threshold) $31.63
Annual Cap – income exceeding the Income Threshold (Annual cap applying to income tested care fees where the consumer’s income exceeds the income threshold) $11,516.92

Relevant rates and thresholds for refundable deposits and daily payments
Fee/ Charge/ Threshold Rate
Cap on Means Tested Care Fees in Residential Care  
Annual Cap $28,792.36
Lifetime Cap on Means Tested Care Fees in Residential Care and Income Tested Care Fees in Home Care $69,101.75
Maximum Accommodation Supplement Amount $59.49
Deeming thresholds from 1 July 2020  
Threshold (single) $53,600
Threshold (couple – combined) $89,000
Deeming rates from 1 July 2020  
Lower Rate 0.25%
Higher Rate 2.25%
Higher Rate 2.25%
Maximum Permissible Interest Rate  
- for all new residents from 1 January 2021 – 31 March 2021 4.04%
Maximum rate of interest that may be charged on outstanding amount of daily payment from 1 January 2021 – 31 March 2021 4.01%
Base Interest Rate from 1 June 2020 2.25%
Minimum permissible asset level – the minimum amount of assets a resident must be left with if they pay at least part of their accommodation costs by refundable deposit $51,500
Maximum refundable accommodation deposit – the amount that can be charged without prior approval from the Aged Care Pricing Commissioner $550,000

TRANSITION CARE PROGRAMME

Maximum Daily Fee Rate
TCP delivered in a Home or Community Setting $11.02
TCP delivered in a Residential Care Setting $53.56

SHORT-TERM RESTORATIVE CARE

Maximum Daily Fee Rate
STRC delivered in a Home or Community Setting $11.02
STRC delivered in a Residential Care or Hospital Setting $53.56

Residents in designated remote areas may be asked to pay an additional $1.06 per day.
This rate applies to residents who enter residential care within this time period but not to those who were already in care prior to this time period. The Maximum Permissible Interest Rate applicable for the calculation of a resident’s daily payments is fixed either at their date of entry to care (for a low means resident) or the date they agree to a room price (for a resident who is not eligible for government assistance with their accommodation costs).


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