Aged Care Costs

If you are new to aged care, the fees and payments can seem daunting. We’re here to help you make sense of it.

Firstly, it’s important to keep in mind that the Australian Government may make a contribution to your aged care costs, depending on your financial situation. Many of our residents receive some degree of Government support.

While it can be complicated, the system is designed to be flexible to meet everyone’s differing needs and financial situation. Aged care fees are made up of three payments: a payment for your care, payment for the accommodation costs and payment for any additional services, such as Foxtel. You can choose a method to pay your fees, such as in a lump sum or daily payments, based on your personal financial situation.

Care Fees

Basic daily care fee
$61.96 per day
Means-tested
care fee

Based on your asset and income assessment, you may need to contribute an additional care fee.
*Current as of 20 March 2024, though may change without notice.

Basic daily care fee

All aged care residents pay a daily care fee. This fee covers living costs, such as nursing and personal care, meals, electricity and launchry. This fee is indexed against 85% of a single person rate of the basic Aged Pension. In case of a pension increase, the daily care fee will increase.

Means-tested care fee

Based on your asset and income assessment, the Department of Human Services determine if you need to pay an additional fee towards the cost of your care. These are annual and lifetime caps in place to limit the amount you pay.

Accommodation Cost

The accommodation payment refers to the price of the room that you chose, and will vary across our aged care communities. There are three payment options to chose from:

1

Refundable Accommodation Deposit (RAD)

full-payment

2

Daily Accommodation Payment (DAP)

partial/progressive payment

3

A Combination Payment

See FAQs below for more information

Accommodation Cost

In addition to the basic daily fee, you may also be required to pay an accommodation payment. Payment can be made in one of the three ways shown to the left. The amount you can be asked to pay for your accommodation is based on your assets and income and will be one of the following:
* Assets below $59,500
no accommodation cost is payable
* Assets of $59,500 to $201,231.20
you will pay a contribution to your accommodation costs. The Australian Goverment will pay the rest.
* Assets above $201,231.20
you will be required to pay the full cost of your accommodation.

Other Services

An extra daily fee for extra or optional services.

Other Services

these may include additional extras, such as wi-fi access, phone lines or other services designed to make your everyday living more comfortable

The MyAgedCare Fee Estimator is a very helpful tool. Visit myagedcare.gov.au/fee-estimator

FAQS

What happens if I can’t afford the RAD?

The amount you can be asked to pay for your accommodation is based on your income and assets.

If your income and assets are below a certain amount, the Australian Government may pay all or part of your accommodation costs, ensuring you have access to the care that specifically suits your needs.

Fully supported residents only pay the Basic Daily Care Fee of $61.96 per day*, or 85% of the Aged Pension. The means-tested care fee does not apply, and accommodation costs are paid by the Australian Government. Partially support residents will pay a portion of the costs, in line with their individual financial situation.

Our friendly customer support team are here to answer any questions about the fees and charges of residential aged care.

Is the Refundable Accommodation Deposit (RAD) fully refundable?

Yes.
The RAD is a lump-sum payment for the entire accommodation costs. If you choose this option, the entire accommodation balance is due within six months. The RAD is entirely refundable. Care fees are still payable in addition to your RAD.

How does a combination payment work?

Combination payments involve a partial Refundable Accommodation Deposit (RAD), with the balance being paid via a Daily Accommodation Payment (DAP). The split is entirely up to your personal circumstances, providing greater flexibility. The RAD portion is fully refundable. You can use our Combination Payment Calculator to see what works for you.

How much do I pay for the Daily Accommodation Payment (DAP)?

Choosing the DAP allows you to make payments over time, rather than a full lump sum up front. The DAP payment is not refundable and is subject to the maximum permissible interest rate (MPIR). The amount of your DAP is equal to your refundable deposit multiplied by the maximum permissible interest rate as set by the government.

What fees do fully supported residents pay?

Fully supported residents only pay the Basic Daily Care Fee of $61.96 per day*, or 85% of the Aged Pension. The means-tested care fee does not apply, and accommodation costs are paid by the Australian Government.

Confused? Talk to us.

We’re here to help Our Customer Service Consultants are here to help answer any questions you may have about aged care. While we don’t provide financial advice, we can help you understand how aged care funding works. Please feel free to give us a call and we can talk through your options with you.

View residential aged care locations

Permanent residential aged care, respite care and dementia specific care are available at our 11 aged care communities across Queensland. Explore our aged care communities, or book a tour today.