At Estia we understand that moving into aged care is a major investment – both financially and emotionally. That’s why we take extra steps to ensure that the application process is as seamless as possible.
Australia’s aged care system contains a few different fees, and not all fees necessarily apply to everyone. Centrelink will work out which fees apply to you through an income and assets assessment.
1) A basic daily fee: Set by the Australian Government and covers the daily services provided by the home. The maximum daily fee is 85 per cent of the single basic age pension, and for some people this may be the only fee they are required to pay.
2) Accommodation cost: The amount charged for a room. Some people will have their accommodation costs met in full or in part by the Australian Government. A range of payment options are available.
3) A means-tested care fee: An additional contribution towards the cost of care, set by the Australian Government.
4) Estia Plus: A range of additional services. Our staff will be able to provide a list of the services and associated costs.
5) Pre-entry leave: Is a period of up to seven days prior to the agreed admission date where Estia may charge the daily fee (see point 1) to secure the room while it remains vacant. During this time, you’re free to personalise your room prior to admission.
The following fees apply to respite:
Estia offers interim arrangements while you’re waiting for your aged care assessment, or income and assets assessment.
* Other fees may apply and these vary from home to home. Our Estia team can provide details of all the fees that apply.
The accommodation cost is the amount charged for a room. Some people will have their accommodation costs met in full or in part by the Australian Government. There are four payment options available:
1. Refundable Accommodation Deposit (RAD)
The RAD is paid up front, guaranteed by the government and refunded when you leave the aged care home, less any amounts agreed to be taken out.
2. Daily Accommodation Payment (DAP)
You may choose to pay by DAP, a monthly amount calculated using the governments maximum permissible interest rate (MPIR). For example, RAD x MPIR / 365 = DAP.
3. Combination of both
It’s also possible to combine the two payment methods above to fit your budget.
4. Combination with the DAP (and other charges) drawn down from the RAD
In this scenario residents may wish to have the DAP (and any other charges i.e. additional services) drawn down from the paid RAD.
We recommend seeking independent advice from a qualified and experienced aged care financial planner to make sure that the decision reached is the right one for you. The My Aged Care website is also a valuable resource. Please contact us on 1300 682 833 for more information or to book a tour today.