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 $51.63 per day, from 20 September 2019 to 19 March 2020.
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. See the full Schedule of Fees and Charges for Residential and Home Care on the Department of Health website. The current rates for all Australian Government Aged Care Subsidies and Supplements are also available.
There are annual caps ($27,532.59) and lifetime caps ($66,078.27) that apply to the means-tested care fee (as of 20 March 2019). 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 form is available for prospective residents here – Residential Aged Care – Cost of Your Care – Calculation (SA457 )
ACCOMMODATION PRICING UPDATE
The new Home at Blue Haven Bonaira will accommodate 134 residents, an increase of 52 from our current Home. As well as welcoming new residents, all residents of the existing Home will transfer to Blue Haven Bonaira and the existing facility will be closed. The new Home is being constructed at 14a Bonaira Street and will include 31 places for those needing specific dementia care.
Blue Haven Aged Care aims to provide you with the highest possible quality of care, regardless of your financial circumstances.
Blue Haven Bonaira Residential Aged Care Home comprises of 5 room types, including two dedicated dementia homes (Cedar & Palm). Pricing starts from $550,000 for a Premium Room.
View the Fees & Charges December 2019 – Fees & Charges December 2019 – Blue Haven Bonaira Residential Aged care home print version
Any residents entering the Home between now and the opening of Blue Haven Bonaira can be assured that no further financial commitment will be required to transfer to the new Home. The price you agree on for your room will be honoured into the new Home, guaranteeing a bed in our brand new 134 bed home located on Bonaira St, Kiama.
The Department of Human Services determine what you may be asked to contribute towards your care and accommodation. This is 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— http://www.myagedcare.gov.au. Not everyone is in a position to be able to make a contribution to their accommodation and Blue Haven respects everyone’s right to access aged care, as assessed by Centrelink.
Please contact us for a confidential discussion, regardless of your financial position.
For answers to more specific financial questions you can call My Aged Care directly on 1800 200 422
View the Fees & Charges December 2019 – Blue Haven Bonaira Residential Aged Care Home print version
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 (currently 4.98%) 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 $550,000. Of this $150,000 is paid as a RAD, the remaining $400,000 is paid as a DAP of $54.58.
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.
Change to Maximum Permissible Interest Rate (MPIR) from 1 July 2018
The MPIR applicable to ‘refund periods’ is 4.98% for the period of 1 October 2019 to 31 December 2019 for:
- refundable deposit balances and accommodation bond balances
- accommodation prices
The Base Interest Rate is 3%.