Eligibility for government funded support
When assessing an individual for aged care, the residents' assessment will fall into one of four categories:
Fully supported: residents pay only the Basic Daily Care fee (BDCF) and Additional Services (AS)
Partly supported (RAC/DAC payer): residents are assessed to pay a Daily Accommodation Payment (DAP) which may be reduced or removed by paying a lump sum Refundable Accommodation Deposit (RAD). Any lump sum paid is fully refundable and government guaranteed. They also pay the basic daily care fee and additional services fee, if this is chosen.
Unsupported (RAD/DAP payer): residents are required to pay a Refundable Accommodation Deposit (RAD). Any unpaid part of the RAD is charged at the Maximum Applicable Interest Rate (MPIR – set by the government) as a Daily Accommodation Payment (DAP). RADs are also fully refundable and government guaranteed. DAPs are not refundable. A combination of both RAD and DAP is also available. Some residents in this category may also be required to pay a Means Tested Care Fee (MTCF). MTCF is set by the government and reviewed quarterly so may fluctuate. MTCF is subject to annual and lifetime caps after which it is no longer charged (until anniversary of entering care for annual caps). Unsupported residents also pay basic daily care fee and Additional Service fee.
Unfunded: residents have either elected to not submit an Income and Asset Assessment or do not have an aged care assessment so are required to pay the Refundable Accommodation Deposit (or Daily Accommodation Payment or combination of each), maximum Means Tested Care Fee, Basic Daily Care Fee, and Additional Service. They are also subject to the annual and lifetime caps of the Means Tested Care Fee provided the resident has an aged care assessment.
Our team of Client Relations Managers can provide assistance in determining aged care costs.