When moving into aged care, there are a range of fees and charges that you may be required to pay.
These are categorised into 3 areas:
1. Accommodation Payment
This is for the accommodation at the aged care home you have selected and agreed with the provider. Depending on your situation, the Government may provide assistance in paying for your accommodation in full or in part.
All residents who can afford to pay for their accommodation can choose to pay in the form of a Refundable Accommodation Deposit or Contribution, or as a Daily Accommodation Payment or Contribution. If it suits, you can also pay for your accommodation as a combination of both.
2. Basic Daily Fee
The basic daily fee covers the basic living costs and is determined by the Government. These include the basic living expenses such as laundry, power, water and basic meals.
3. Means tested Care Fee
Depending on your income and assets, the Government may ask you to contribute to the cost of your care. This is an additional contribution towards day-to-day care costs such as nursing and personal care.
4. Additional or Extra Services Fee
Some aged care homes will provide a higher standard of accommodation, lifestyle, entertainment and dining services over and above what is specified by the Government. If you choose a home that offers these additional services beyond the basics of the Daily Fee, an Additional Services daily fee may be applicable.
For more information on Fees and Charges in aged care, you can go to myagedcare.gov.au or simply contact the General Manager at your Home of choice to assist you and provide you with the guidance you need.