Fees & Charges as at 1st January 2021
Fees and charges in residential aged care vary depending on the individual requiring care, their personal circumstances and the facility in which they choose to reside. The fees at Sunnyside House generally involve:
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- Basic Daily Care fee
- Accommodation Payment
- Means Tested Care Fee
Basic Daily Care Fee
The government set basic daily care fee covers your day-to-day living costs such as meals, cleaning and laundry. Everyone in residential aged care is required to pay this fee.
The daily care fee is set by the government based on 85% of the Age Pension and will change in relation to pension increases. This is usually twice per year. The current Basic Daily Care Fee is $52.25 per day.
Accommodation Payment
Depending on your income and assets, you may be asked to pay an accommodation payment. The payment options are:
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- Refundable Accommodation Deposit (RAD) Maximum $550,000
- Daily Accommodation Payment (DAP)
- Combination of RAD and DAP
Refundable Accommodation Payment (RAD)
A RAD is a lump sum payment to the aged care provider. The full RAD amount is refunded upon departure of the facility and is 100% guaranteed.
The RAD amount is a maximum of $550,000.
Daily Accommodation Payment (DAP)
As an alternative to paying your Accommodation Payment (RAD) as a lump sum, you can pay periodic payments, which are based on a daily fee and billed fortnightly. The DAP is not refundable when you leave the aged care facility. The DAP amount is based on the Maximum Permissible Interest Rate (MPIR), which is set by the government, and the agreed price of the room. To calculate the equivalent daily accommodation payment (DAP) the refundable accommodation deposit (RAD) is multiplied by the maximum permissible interest rate (MPIR).
The current MPIR is 4.02% per annum.
For Example: Maximum RAD $550,000 x 4.02% ÷ 365 days = $60.57 per day
Combination RAD/DAP
You can choose to pay part of your accommodation as a RAD and part as a DAP. DAP amounts will be calculated based on the outstanding RAD amount. Upon leaving the facility, your RAD amount will be refunded but not DAP payments.
For example: $275,000 (RAD) remaining balance in DAP $275,000 x 4.02% ÷ 365 days = $30.29
Means-Tested Care Fee
If you are in the financial position to contribute to costs related to your care, the Department of Human Services may charge a means-tested care fee. The Department will determine, and inform you, if you are required to pay this fee, which is calculated based on an assessment of your assets and income There are annual and lifetime caps set by the government.
The current caps are:
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- Year: $28,087.41
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- Lifetime: $67,409.85