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 per cent 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:
- Refundable Accommodation Deposit (RAD) paid as a lump sum amount
- Daily Accommodation Payment (DAP) accruing daily and paid monthly
- A combination of a RAD and DAP
Example of a combination RAD (50%) and DAP (50%)
|Maximum Accommodation Payment per room|| Maximum
|Single Room with private en suite||$450,000||$50.54|
|Maximum Accommodation Payment per room|| Example
|Single Room with private en suite||$225,000||$25.27|
* $50,500 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 01/07/2020 to 30/09/2020 is 4.10%
In choosing how to pay your accommodation pricing, we recommend that you seek financial advice.