Although the Australian Government provides funding for residential care, most residents contribute to the cost of their care. The amount you pay will depend on your income and assets.
The types of costs are:
Basic daily fee – for living costs such as meals, power and laundry.
Means-tested care fee – an additional contribution some people may pay depending on their income and assets.
Accommodation payment – for the cost of accommodation. The amount you pay is based on your income and assets.
Fee for additional optional services – may apply if you choose a higher standard of accommodation or additional services.
We recommend you complete an assets assessment as part of the application process. Whilst not compulsory, without the assessment you won’t be eligible for assistance from the Australian Government towards your accommodation payment.
To obtain an assets assessment, you need to submit a ‘Permanent Residential Aged Care Request for a Combined Assets and Income Assessment’ form to either Centrelink, or the Department of Veterans’ Affairs (DVA) if you are a war veteran or widow/er.
The form can be downloaded from www.health.gov.au or you can call our Customer Centre.
For more information
To obtain an estimate of your costs, please call our Customer Centre. You can also contact My Aged Care on 1800 200 422 or visit their website.
You may want to discuss your situation with your financial advisor and/or legal representative, or Centrelink’s free financial information service on 13 23 00.