Where Enjoying Life Matters

Funding Aged care

Moving into an aged care home may require one-off payments or deposits, as well as ongoing fees for your care, accommodation and daily living expenses. We welcome all prospective residents at Blacktown Aged Care no matter the financial situation. How much you pay depends on your financial situation. However, there are strong protections in place to make sure that care is affordable for everyone. The Government sets the maximum fees for care and daily living expenses, and there are also rules about how much you can be asked to pay for your accommodation. There are two types of payments for residential aged care: Daily Service Fees and Accommodation Payments.

 

Daily Service Fee

A basic daily fee covers daily living costs such as meals, linen, laundry, electricity personal and nursing care. They are paid by all residents, whether they’re receiving low or high care, and are determined by the Department of Social Services (DSS).

The daily fee includes:

  • A basic daily fee determined by the government based on the resident’s income
  • An extra service fee for residents who have chosen an extra service facility
  • An income tested fee for residents with a higher income.

   Residents are required to pay:

  • A Basic Daily Care Fee
  • A co-contribution income tested fee and
  • Where determined by Centrelink or DVA, an accommodation payment or refundable accommodation deposit.

 

The Basic Daily Care Fee is set by the Government and equates to 85% of the single pension for pensioners and 96.5% of the single pension for non-pensioners. These amounts vary from time to time as the level of the pension increases. It’s “capped” at a certain amount determined by the government. For more information about this and co-contribution go to www.centrelink.com.au

 

Daily Accommodation Payments and Refundable

Accommodation Deposits

A Daily Accommodation Payment is a daily payment if you’re entering a high-level care place and assets are valued over a certain amount. This charge is paid daily in addition to the basic daily fee and any co-contribution income tested fee. The amount payable is agreed upon by the resident

and the aged care facility. For more information about accommodation payments go to http://www.myagedcare.gov.au Prospective residents who do not have the means to pay a Daily Accommodation Payment or a Refundable Accommodation Deposit are always welcome at Blacktown Aged Care. The Daily Accommodation Payment and Refundable Accommodation Deposit is set by the Board of Blacktown Aged Care and is varied from time to time.

Residents have the right to choose which option would best suit their financial arrangements. Those options are:

  • To pay the RAD wholly by lump sum payment; or
  • To pay the RAD as a daily accommodation payment

(known as a DAP); or

  • To pay the RAD by a combination of lump sum

and daily payment.

 

Within 28 days of entering the facility residents must advise the management of which option they wish to choose. If this is not done the management of your home will implement the option under the Aged Care Act of assigning the Daily Accommodation Payment. From the date of entry, and pending advice of the resident’s preferred option of payment, residents will be charged the Daily Accommodation Payment. Where the resident chooses to pay by lump sum (RAD), the DAP will be charged until the lump sum is paid. It is recommended that you seek advice from a financial planner to see which payment option best suits your financial arrangements. The Daily Accommodation Payment can also be paid by a combination of the lump sum Refundable Accommodation Deposit (RAD) and a Daily Accommodation Payment (DAP). This is done by the resident electing to pay a percentage of the RAD as a lump sum and the remainder as a DAP. The Daily Accommodation Payment is calculated by applying the Maximum Permissible Interest Rate (MPIR) set by the government, to the unpaid lump sum amount. An example is as follows:

Resident A enters into a single room which has a RAD of $340,000 and chooses to pay only 20% of the RAD as a lump sum and 80% as a DAP. Resident A would therefore, pay a lump sum RAD of $68,000 and a DAP of $44.27. This DAP is calculated as follows:

 

Unpaid lump sum $272,000
Maximum Permissible Interest Rate 5.94%
DAP ($272,000 x 5.94%) divided by 365 days $44.27
  • “I moved my parents from another facility to Hardi Aged Care at Seven Hills one year ago. It is the best thing that I have done for my parents.In my opinion I say that they moved from a backyard soccer coach to the institute of sport! They want for nothing. They are both in the extra services unit. They each have their own spacious rooms with bathrooms attached. There is a lovely dining hall on the same level, below is another dining hall/lounge room and outside is a lovely garden. Mum and Dad want for nothing.The staff at Hardis are all nice and treat my parents with the respect and love they deserve. All the staff from cleaning, kitchen, maintenance, reception, nursing, laundry, lifestyle staff and management all treat each resident with the same level of love and respect and I believe this is what sets this nursing home apart from all the rest. I am really thankful that Hardis was recommended to me as I do believe that if I had not moved both my parents they would not be here today.”

    Seven Hills – Cornelia Cole (May, 2017)

  • “I would like to thank all of staff looking after my mother Carol. Your team in this area go the next level in caring and I would recommend this nursing home to anyone who asked me. I would like to say a big thank you for all of the help and kind nature all your team has given my mother.”

    Blacktown – Daran Halkett (August, 2016)

  • “My dear friends, what can I say but thank you all from the bottom of my heart. Everybody at your lovely aged care home has been playing well above their weight when it comes to the care that Peter was provided with, I can name a few individuals such as John, Amy, and Greer but everybody knows the list is much larger than that, especially me! Not much else to say except for a very very big heartfelt thankyou to all your staff at Mountainview. The best aged care facility in the world.”

    Neil Temporini (September 2018)

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