Residential Care Costs
Costs associated with subsidised residential aged care fall into three categories and will be different for each resident:
Accommodation Payments: These include an additional daily charge for High Care residents, which is means tested, and an accommodation bond for Low Care.
Accommodation Bond: This bond will vary depending on the type and location of the room within the facility.
Daily Care Fees: These fees are set as a percentage of the prevailing pension rate.
Income Tested Fees: These fees may apply following an evaluation by Centrelink of the resident’s means tested income and assets.