Autumnaged Care

Services & Support

Autumnaged Care

Costs & Financial Considerations

Aged Care Costs & Financial Considerations

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The structure of payments and fees can be confusing – the federal government set the fee structure and we the provider follow it. Here, we explain how it all works.

The Australian Government assists with your residential aged care costs by funding aged care residences. However, those who can afford it are expected to contribute to the cost.There are five main elements to the fees payable for residential aged care in Australia:

 

aged care costs
1. Basic Daily Fee (Government Standardised Fee)

 

The Basic Daily Fee is a contribution towards daily living expenses, such as meals, laundry, cleaning, resident activities, heating and cooling. All aged care residents pay a standard Basic Daily Fee. The fee is reviewed every March and September, in line with Centrelink increases in the Aged Pension.

The Basic Daily Fee represents approximately 85% of the pension, leaving about 15% for discretionary spending.

The current daily care fee is $50.16 for permanent & respite residents

 

2. Accommodation Payment

 

The Accommodation Payment is used to maintain and improve the accommodation and services. Residents can choose to pay their Accommodation Payment by one of the following methods:

Refundable Accommodation Deposit (RAD)

This is a lump-sum deposit that is refunded in full at the end of residency.

Daily Accommodation Payment (DAP)

This payment is the interest on any unpaid RAD and is calculated as a daily payment

Combination of RAD and DAP

A combination payment that includes both a partial lump-sum refundable deposit and daily payments.

For Supported Residents (Government Standardised Fee)

We make rooms available for residents with reduced financial means in all our homes. Residents with assets under $48,500 and annual income less than $26,764.40 may be eligible to obtain residential subsidy support from the Federal Government. Basic Daily Fees still apply.

Supported residents may be asked to contribute to their cost of care via a Daily Accommodation Contribution (DAC) or Refundable Accommodation Contribution (RAC) is protected by the Aged Care Act 1997 (Commonwealth) or a combination of both, if their assets are between $48,500 and $165,271.20 and their income is greater than $26,764.40.

On completion of the “Combined Assets and Income Assessment” Centrelink will outline payment obligations within 14 days.

 

3. Means-Tested Care Fee (Fee collected by the home on behalf of the Government)

 

The Means Tested Care Fee ensures that residents who have additional income and assets contribute to their medical costs, including nursing and personal care. This fee is collected by the hoe on behalf of the Commonwealth and is not retained by the home.

Centrelink assesses all residents entering a Commonwealth-funded residential aged care facility and residents will receive information about their Means Tested Care Fee 14 days after they have lodged the “Permanent Residential Aged Care Request for a Combined Asset and Income Assessment”. If this assessment is not completed then a higher Means Tested Care Fee might apply until the form is lodged.

The Maximum Means Tested Care Fee that a resident can be asked to pay per year is $26,964.71 with a lifetime limit of $64,715.36.

 

4. Respite Care Fees (Government Standardised Fee)

 

Respite care is available for short-term needs or emergency situations.

Click here to download your Schedule of Fees and Charges for Residential & Home Care

 

5. Additional Service Fees –

 

Autumn Aged Care provides many services that other homes charge additional fees (examples such as choice of meals and some medical aids) however we choose to not charge for these. There are however a few extra fees that are we charge a minimal fee for and a number of optional choices that if chosen come with a small extra cost.

Optional Extras:

  • Telephone,
  • Foxtel,
  • Wireless internet,
  • Hairdressing

Other Extras: (very minimal extra cost to resident)

  • Cloth labelling and
  • Electrical testing of personal items
Fee Collection

Autumn Aged Care homes collect the applicable fees and charges on a monthly basis in advance (except for respite which is done fortnightly). Fees are collected by direct debit. We do not charge additional fees for using direct debit. A guarantor is required for admission.

Considering aged care for yourself or a loved one? We’re here to help.

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