Fees & Charges
Fees and charges levied by residential aged care services, such as Adventist Aged Care, are regulated by the Commonwealth Government and can vary depending on a number of factors, such as whether you are a pensioner or non-pensioner and your level of assets.
There are 3 payment components for entering Aged Care:
Accommodation Bonds: This is for your accommodation payment. Some people will have their accommodation costs met in full or in part by the Australian Government, while others will need to pay the accommodation price agreed with the aged care home. Eligible residents who are admitted to Adventist Aged Care have the choice of paying a Refundable Accommodation Deposit (RAD) or a Daily Accommodation Payment (DAP) or a combination of both. Residents have 28 days after admission to decide their method of payment. More information on the aged care payments are available at the following link: Department of Social Services – https://www.dss.gov.au/
Basic Daily Fee: A basic daily fee is used to contribute towards your day-to-day living costs such as meals, cleaning, laundry, heating and cooling. Everyone entering an aged care home can be asked to pay this fee.
Means-tested care fee: This is an additional contribution towards the cost of care that some people may be required to pay. The Department of Human Services will work out if you are required to pay this fee based on assessment of your income and assets , and will advise you of the amount.
- Refundable Accommodation Deposit (RAD): is an amount of money paid or payable by a resident for entry to residential care. The balance of the Refundable Accommodation Payment (or Refundable Accommodation Contribution) will be refunded to the resident or their estate on the termination of the Agreement for Residential Services.
- Daily Accommodation Payment (DAP): A daily accommodation payment is an amount calculated by converting the refundable deposit payment into a daily charge using the interest rate determined by the Australian Government. Under the previous accommodation bond rules, this was known as a periodic payment. The method of calculating the daily amount has not changed under the new rules.