Aged Care Fees

Understanding Residential Aged Care Fees and Charges

  • Understanding RAC fees and charges

    Understanding RAC fees and charges

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Residential Aged Care fees vary depending on an individual’s assets and income. RSL Care SA offers a number of accommodation options across all facilities, from platinum single rooms with private ensuits to share rooms with an ensuite. Accommodation fees vary depending on the accommodation type.

To ensure prospective residents with low assets and income are not disadvantaged from being offered permanent placement, accredited aged care facilities must reserve a percentage of their beds for ‘low means’ residents.

Asset and Income Assessment and Thresholds

Residents who are eligible to receive subsidised aged care fees are required to submit an Asset and Income Assessment to the Department of Human Services (Centrelink). Please see below for current asset and income threshold levels and the applicable fees:

ASSET & INCOME FREE THRESHOLD – Low Means Resident

Assets between $0.00 and $48,500, and Income below $26,764.40

  • Basic Daily Care Fee only
FIRST ASSET & INCOME THRESHOLD – Low Means Resident

Assets between $48,500 and $165,271.20, and income below $51,667.20

  • Basic Daily Care Fee
  • Accommodation Contribution
ABOVE FIRST ASSET & INCOME THRESHOLD – Financial Resident

Assets above $165,271.20 and income above $51,667.20

  • Basic Daily Care Fee
  • Accommodation Payment
  • Means Tested Care Fee

Figures shown reflect the Department of Health ‘Schedule of Fees and Charges for Residential and Home Care’ from 1 July 2018.

Fees and charges explained

BASIC DAILY CARE FEE

The Basic Daily Care Fee (BDCF) is paid by everyone. It is set by the Commonwealth Government and is approximately 85% of the single Aged Pension. The BDCF covers all living expenses and contributes to the costs of other services such as meals, personal care, recreation activities, laundry, cleaning and nursing care

Current daily rate $50.16

MEANS TESTED CARE FEE

The Means Tested Care Fee (MTCF) is paid by residents who exceed the government’s first assets and income threshold. As the BDCF does not cover 100% of the costs incurred by an aged care facility in providing its services, residents who are deemed to have the financial means are required to contribute more towards the cost of their own care. The MTCF varies depending on the asset and income level of the resident.

Current maximum daily rate $216.59                  Annual Cap $26,964.71                    Lifetime Cap $64,715.36

ACCOMMODATION CONTRIBUTION

The Accommodation Contribution is paid by Low Means residents only. It is reviewed quarterly and is subject to change; however a resident will not be required to pay more than what is advised from their asset and income testing. The facility has restrictions on how much it may charge based on its Low Means resident ratio and whether or not the facility is newly refurbished. The Accommodation Contribution may be paid as a lump sun equivalent, known as a Refundable Accommodation Contribution, which is 100% refundable.

Current maximum daily rate $56.14

ACCOMMODATION PAYMENT

The Accommodation Payment is paid by financial residents only. The price is set by the facility in accordance with government provisions and is nonnegotiable. RSL Care SA offers a range of accommodation prices:

War Veterans’ Home                                                                                 RSL Villas

$225,000 – Double shared with ensuite                                            $350,000 – Premium private single with ensuite

$275,000 – Standard private single with ensuite

$450,000 – Premium private single with ensuite

$550,000 – Platinum private single with Ensuite

There are three accommodation payment options to consider:

1. Refundable Accommodation Deposit (RAD)

The RAD option means paying the accommodation payment to the facility as a lump sum. RAD payments are 100% refundable and government guaranteed. RAD payments are invested securely by RSL Care SA and the interest received is used to cover accommodation costs.

2. Daily Accommodation Payment (DAP)

A DAP is when the accommodation payment is paid on a periodic basis (monthly). It is calculated as a daily payment by applying the government’s maximum permissible interest rate (MPIR) to the Accommodation Payment.

Current MPIR = 5.96%

3. Combination of both RAD and DAP

It is possible to combine the RAD and DAP payment options. The DAP will be calculated on the unpaid portion of the RAD. It is also possible for the DAP to be withdrawn from the RAD payment.

What Is Right For Me?

Moving into residential aged care is an important life decision and each person is coming from their own unique circumstances. For this reason, RSL Care SA is unable to give financial advice or provide specific guidance as to which option may be right for you.  We strongly encourage you to seek independent financial advice to ensure you choose the right option for your circumstances.

Please contact our Admissions Team on 8379 2600 for more information, or to book a private tour of our aged care facilities.
To place your name on our residential aged care waiting list, please complete our Application Form

Low Means Residents Welcome at RSL Care SA

  • The War Veterans Home Single Room

    The War Veterans Home Single Room

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Did you know that RSL Care SA reserves 40% of permanent residential aged care accommodation for residents with low means?

Residential Aged Care fees vary depending on an individual’s assets and income. To ensure prospective residents with low assets and income are not disadvantaged from being offered permanent placement, accredited aged care facilities must reserve a percentage of their beds for ‘low means’ residents. At RSL Care SA we aim to keep our low means resident ratio at 40%, giving special preference to veterans and their families.

There are two different asset levels a resident can fall under to qualify as low means:

Asset Free Threshold

Currently set at $47,500, residents with assets under this threshold will be required to pay a;

  • Basic Daily Care Fee

First Asset Threshold

Currently set at $162,815.20, residents with assets under this threshold will be required to pay;

  • Basic Daily Care Fee
  • Accommodation Contribution

The Basic Daily Care Fee

This fee is set by the Commonwealth Government and is approximately 85% of the single Aged Pension. The Basic Daily Care Fee covers all living expenses and contributes to the costs of other services such as meals, personal care, recreation activities, laundry, cleaning and nursing care.

Accommodation Contribution

This fee varies depending on the resident’s asset level. It is reviewed quarterly and is subject to change. At both the War Veterans Home and RSL Villas, as at 20 September 2017, the maximum a resident can be asked to pay for an Accommodation Contribution is $36.13 per day.

All rooms at RSL Care SA facilities are single rooms with private ensuite. Please contact our Admissions Coordinator for more information, or to book a private tour.
To place your name on our residential aged care waiting list, please complete our Application Form

Click on the links below for more information on;

Residential Aged Care

War Veterans Home

RSL Villas

Figures shown reflect the Department of Health ‘Schedule of Fees and Charges for Residential and Home Care‘ from 20 September 2017

About us

RSL Care SA believes that the ex-service community deserves the best care and affordable accommodation. RSL Care SA is an independently constituted not for profit organisation with links to the Returned & Services League of Australia (SA Branch).

Our mission is to support veterans and their dependents, although the ex-service community are our primary client group it is not exclusively so. The facilities and services are also available to the broader community.

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