Aged Care Costs Explained

When you first consider residential aged care, and the aged care costs involved, it can be quite overwhelming. To help you understand the process and costs involved, Anglican Care has put together some general information below:

As everyone’s circumstances are different, Anglican Care’s Customer Service Centre has experienced staff ready to help assist and provide information on aged care costs relevant to your circumstances.

For further information regarding aged care costs please contact our friendly Customer Service Team:

What will Residential Aged Care cost?

The cost of residential aged care is based on what you can afford and the services you choose. As everyone’s circumstances are unique, Anglican Care recommends you seek advice from a financial advisor for your individual circumstances.

Residential Aged Care Fees Explained

There are three fees you may be eligible to pay when entering Residential Care:

This fee applies to all aged care residents and goes towards your day-to-day living costs, i.e. meals, cleaning, laundry, heating and cooling. The current basic daily fee can be found on the MyAgedCare website www.myagedcare.gov.au. The rate increases in line with changes to the Aged Pension.

This is an additional contribution towards care costs that some people may be required to pay and is assessed by Centrelink or the Department of Veterans Affairs. There is an annual and a lifetime cap on means tested care fees. To help determine this fee there is a fee calculator available on the My Aged Care website www.myagedcare.gov.au.

Anglican Care encourages the completion of the form Permanent Residential Aged Care Request for a Combined Assets and Income Assessment to help determine some of your care costs and whether you are eligible for an additional Government funding. This assessment is valid for 120 days. Although it is not essential to have an assessment when entering residential care, you will pay the full costs for your care and accommodation should you choose not to apply.

This payment covers your accommodation in the home that you choose. Anglican Care is dedicated to providing accommodation to ensure everyone, regardless of their financial situation, has access to the services they need.

Your accommodation payment is assessed by the Department of Human Services following the completion of a Permanent Residential Aged Care Request for a Combined Assets and Income Assessment . If you receive a part or full aged pension your accommodation expenses may be met in part or in full by the Australian Government, while others will be assessed as needing to pay the full accommodation payment determined by Anglican Care.

You can choose to pay for your accommodation as a refundable accommodation deposit (RAD), a daily accommodation payment (DAP), or a combination of both. A RAD is paid as a lump sum amount. A DAP accrues daily and is paid periodically.

To help calculate your accommodation payment the price of each room type is available on each Anglican Care residential aged care home page.

Extra Services

An extra services fee may also apply should you choose an extra services home where a higher standard of accommodation, services and food is available. Currently Anglican Care Scenic Lodge Merewether is the only one of Anglican Care’s homes which offers extra services.

Lady explaining aged care costs to senior woman