What are the fees payable for residential care services?
The fees payable by elders for residential care services is set by government legislation and regulations. The exact amount an elder is required to pay is determined after assessment of their level of income and assets. The components of fees are: • Daily fees which generally amount to 85% of the aged pension. • An income tested fee which applies in circumstances where the elder residents income is greater than the aged care pension. • An accommodation charge which is assessed on the basis of an elders assets and is only paid when an elder is receiving nursing home care (high care). • An accommodation bond which is assessed on the basis of an elders assets and is paid only when an elder is receiving hostel care (low care). For more information on fees go to the Australian Department of Health and Ageing – Ageing and Aged Care internet site.
