While each family situation has a different set of requirements,
there are a number of standard questions that seem to be asked by our family clients.
We hope the answers provided here will help you in your aged care placement activities.
Aged care placement - fees and charges
What are the main fees and charges that you will need to pay?
There are three types of fees that a resident of a residential aged care
home (nursing home or hostel) may be asked to pay:
1. Basic daily
For pensioners and part pensioners these can be no more than 85% of the
maximum single rate pension. .
2. Income-tested fees
Residents who entered
permanent care after 1 March 1998 and who have private income may be asked to
pay an income-tested fee. Exempt from income-tested fees are full pensioners,
residents with dependent children, former prisoners of war who receive care at
the high (i.e. nursing home) level, protected residents (those who were in care
between 1/10/97 and 28/2/98), residents who die before the home is notified of
their eligibility to pay income-tested fees, residents with the lowest care classification,
and residents for whom a hardship determination is in force.
bonds and accommodation charges
These are paid by residents whose assets are valued above a set amount (currently
$43,000) on entry to permanent care. This set amount will change over time.
Residents whose assets are valued below this amount cannot be asked to pay
an accommodation bond or charge.
These may be levied on residents accepting a low care place (i.e. hostel
care) and also on residents accepting an Extra Service Place regardless
of their level of care. The amount of accommodation bond that can be requested
is determined by market forces, however, residents must be left with assets
of at least a set amount (i.e. currently $43,000) after paying their bond.
These charges may be levied on residents accepting a high care place (i.e.
nursing home care) if they hold assets in excess of currently $43,000. Residents
with limited assets above this amount may pay a reduced charge. Residents
in permanent high care prior to 1 October 1997 cannot be asked to pay an