The Department of Human Services determine what you may be asked to contribute towards your care and accommodation, based on your income, assets and ability to pay. These fees and charges fall into two categories: daily care fees and accommodation payments. These are briefly outlined below and further information can be found on the My Aged Care Website – www.myagedcare.gov.au.
DAILY CARE FEES
Base daily care fee
All residents in aged care are required to pay a basic daily care fee as a contribution towards care and living expenses.
The basic daily fee is set at 85% of the single person rate of the basic Age Pension.
Means tested care fee
This is an additional contribution towards the cost of care that some residents may be required to pay. The Department of Human Services will work out if you are required to pay this fee based on an assessment of your assets, your Centrelink assessable income, and the level of personal support and care that you need, and will advise you of the amount.
There are annual caps ($26,380.51) and lifetime caps ($63,313.28) that apply to the means-tested care fee. Once these caps are reached, you cannot be asked to pay any more means-tested care fees. Any income-tested care fees you have paid in a Home Care Package prior to moving into an aged care home will also contribute to your annual and lifetime caps. A means tested care fee calculator is available for prospective residents to use on the My Aged Care website –
Some residents will have their accommodation payment met in full or part by the Australian Government. Others will need to pay the full accommodation price set by Blue Haven Aged Care. The Department of Human Services will advise which applies to you based on an assessment of your income and assets.
Residents are able to choose from the following options:
Refundable Accommodation Deposit (RAD): The RAD is a lump sum payment which will be refunded when a resident leaves Blue Haven.
Daily Accommodation Payment (DAP): The DAP is a rental-style daily payment calculated using a government interest rate and the following formula: (RAD x interest rate) divided by 365.
A RAD/DAP combination: Residents can also choose to pay a partial lump-sum RAD (amount determined by resident) and use a rental-style DAP to make up the difference. Residents are able to deduct the DAP from the RAD. E.g. The accommodation price is $290,000. Of this $150,000 is paid as a RAD, the remaining $140,000 is paid as a DAP.
Residents have 28 days from the date of admission to elect which payment method best suits their financial circumstances. Until the method of payment is chosen, residents are required to pay the DAP equivalent.
The amount you will be asked to pay will depend upon the type of accommodation and will be determined prior to your admission into care. Please see below for the Key Feature Statements for the various accommodation types available at Blue Haven Care Home and the associated costs.