The Cost

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• The Cost

These fees and charges are determined by the Australian Government, following an assessment of income and assets at the time of entering an aged care facility. Geegeelup Aged Care Facility strongly encourages all potential care recipients to have this in place prior to entering the facility. This way there is an awareness of the fees and charges applicable to individual circumstances.

Please refer to the link for further information on the forms the Department of Human Services require to ascertain this financial information. https://www.myagedcare.gov.au/income-and-assets-assessment-aged-care-homes.

*Please Note : you can choose not to disclose assets and income, however this will mean that maximum fees and charges will be applied.

There are three types of fees that may be payable to the facility based on an assessment.

1. Daily Care Fee:

Paid by all care recipients and is set at 85% of the Aged Care Pension. This fee helps pay for day-to-day services such as meals, cleaning, facilities management and laundry. The government sets the price on 20 March and 20 September each year, changing in conjunction with increases to the age pension. Prices are published on the Department of Health website. The basic daily fee is paid directly to the aged care facility, generally on a fortnightly basis. The fee applies for every day, including times away; for example, on holiday or in hospital.

2. Means Tested Fee:

This may be payable and is determined by an assets and income assessment and directed by the Department. The fee paid will be between $0.00 to $259.26 per day. Not everyone will have to pay a means-tested care fee. The exact amount paid is determined through an income and assets assessment. The means-tested care fee is an ongoing fee that paid towards the cost of personal and clinical care. Personal care can include help with bathing, dressing, grooming, and going to the toilet. Clinical care can include services like specialised nursing services, medication assistance, or catheter care. There are annual and lifetime caps on means-tested care fees. The maximum an aged care home can charge you is: $28,338.71 per year, or $68,012.98 in a lifetime.

3. Accommodation Payment:

Each aged care facility sets its own accommodation pricing, depending on factors such as the location of the facility, the size of the rooms, en suites or shared bathroom, as well as other features throughout the home. The actual amount paid for accommodation depends on a person's eligibility for government assistance. This is based on an Income and Assets assessment. If this payment is applicable, there is flexibility and choice on how it is paid.

a) as a lump sum payment (a refundable accommodation amount)

- if you are required to pay the full amount yourself, this is called a Refundable Accommodation Deposit (RAD).

- if the government is helping with the costs, this is called a Refundable Accommodation Contribution (RAC)

b) rental-style daily payments (a daily accommodation charge)

- if you are paying the full amount yourself, it is called a Daily Accommodation Payment (DAP).

- if the government is helping with the costs, this is called a Daily Accommodation Contribution (DAC)

c) or a combination of both

- whereby you pay a portion of the accommodation amount as lump sum, then the balance as daily payments.

• Geegeelup Aged Care Facility currently have a MAXIMUM accommodation payment set at $450,000. Below is an example of how this maximum accommodation payment could be paid:

a) RAD - Refundable Accommodation Deposit (RAD) this is a lump sum payment of $450,000

b) Daily Accommodation Payment (DAP) - this equates to $60.53/day (current until 31/3/2020).

c) Or a combination of payments methods, for example, 50% RAD at $225 000, with a DAP of $30.27/day

Any queries regarding this or accommodation payment details should be directed to enquiries@geegeelup.com.au or via phone (08) 9761 1366.