Aged care residents are required to pay both accommodation charges and Daily Care fees.
Residents can choose how to pay for their cost of accommodation — either via a fully Refundable Accommodation Deposit (RAD) or Daily Accommodation Payment (DAP) or combination thereof.
You can elect to pay a combination of RAD and DAP to suit your financial circumstances. The agreed Daily Accommodation Payment may be deducted from the Refundable Accommodation Deposit in order to meet an agreed amount of accommodation payment.
Residents will have 28 days after entering aged care to select how they wish to pay their accommodation costs.
Residents with limited financial means may have part or all of their accommodation costs met by the Government.
All residents will also pay a Daily Care fee, which is set at 85% of the Age Pension. Incoming residents will be assessed on their assets and income to determine their capacity to pay a contribution towards their care costs in addition to the Daily Care Fee.
More information on aged care costs can be found at My Aged Care.
Note: this calculator is indicative only, please contact the Admissions team on 1300 925 414 to discuss your specific needs. Residents or their representatives may wish to seek the assistance of an independent financial adviser to discuss which option suits their specific financial circumstances.
Select the location of interest below. The rooms types available at that facility and associated pricing will load automatically.
Maximum Refundable Accommodation Deposit (RAD): $$$
To calculate the Daily Accommodation Payment (DAP) amount please enter a deposit amount and click 'calculate'
These pricing arrangements apply to new residents entering care on or after July 1, 2014. The agreed Daily Accommodation Payment may be deducted from the Refundable Accommodation Deposit in order to meet an agreed amount of accommodation payment. This will result in addtional interest amounts being charged on the amount deducted. Residents or their representatives may wish to seek independent financial advice regarding which option suits their specific financial circumstances.
Prices current as at Wednesday, September 27, 2017
MPIR rate: 5.73% and is updated quarterly by the Federal Government