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Fees explained

Our operations are controlled by the requirements of the Commonwealth Department of Health. Fees and charges prescribed apply to all residential Aged Care facilities in Australia. As a reference guide an explanation of those fees are:

1.  Basic Daily Fee

All residents in aged care, including respite residents, will be asked to pay a daily fee as a contribution towards accommodation costs and living expenses, like meals, cleaning, laundry, heating and cooling. This fee is reviewed by the government in March and September each year. Please note the maximum Basic Daily Fee will not exceed 85% of the aged pension.

2.  Means Tested Fee

Permanent Residents may be asked to pay a Means Tested Fee following a government assessment of assets and income. This fee is paid directly to Kellock Lodge, but deducted by the government from the home’s subsidy. No resident will pay more than they can afford, and no resident will pay more than the cost of their care.

3.  Accommodation Pricing

Following a government assessment of assets at the time of entry into care, a resident may also be asked to pay for accommodation pricing. The resident can choose to pay the amount by:

   a.   Refundable Accommodation Deposit (RAD) paid as a lump sum amount

   b.  Daily Accommodation Payment (DAP) accruing daily and paid monthly

   c.  A combination of a RAD and DAP

 

Maximum Accommodation Payment per room

 Maximum

RAD

 Maximum

DAP

  Single Room with private en-suite

 $400,000  $62.46

Example of a combination RAD (50%) and DAP (50%)

Maximum Accommodation Payment per room

Example

RAD

50%

Example

DAP

50%

 Single Room with private en-suite

$200,000 $31.23

 

Daily Accommodation Payment is calculated using the following formula:

Refundable Accommodation Deposit x Maximum Permissible Interest Rate** / 365 = DAP

 

* $47,500 or as per the government stipulation of minimum assets at the time of entry into care

** The Maximum Permissible Interest Rate (MPIR) is published quarterly by the Australian Government Department of Health.  MPIR for 01/10/2017 - 31/12/2017 is 5.70%

In choosing how to pay your accommodation pricing, we recommend that you seek financial advice.

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