Residential Aged Care Fees
Aged Care Fees
Residential aged care payments with Juniper comprise a daily care fee and your room payment. The amount you pay and the level of Government assistance you receive is determined by a Centrelink assessment.
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Basic Daily Fee
This contributes to your daily living expenses, these include food and refreshments, toiletries, cleaning, linen and laundry services, and utilities and amenities.
The basic daily fee is 85% of the current basic single aged pension payable by all residents regardless of their financial status.
The government sets the price on 20 March and 20 September each year, changing in line with increases to the age pension.
This is the cost of your room, previously known as an ‘aged care bond’.
It’s flexible, you can decide on a number of ways to make payment.
Depending on your circumstances and Income and Asset financial assessment, you may wish to make a lump-sum payment, a daily installment (much like a rental-style payment); or a combination of both.
If you can afford it, you are expected to pay for your room. However, help with some or all of the accommodation costs is available to those that need it, meaning you could be asked to pay a contribution to the room or have the full costs paid by the Australian Government. This is determined by your income and assets assessment.
RAD: The Refundable Accommodation Deposit (RAD) is the lump sum payment for accommodation and is fully refundable when you leave the facility. Each facility has its own room price which can be found on our price list.
DAP: The Daily Accommodation Payment (DAP) is calculated as a daily cost that is charged if the RAD has not been paid. The DAP is calculated as per the current interest rate on the date of admission.
For instance, the DAP on a $500,000 RAD at 5% would be $68.49 per day. (Calculated as $500,000.00 x 5% ÷ 365)
Combination of RAD and DAP
You can choose to pay a combination of a RAD and a DAP.
For example, on a room price of $500,000 you may choose to pay a refundable deposit of $100,000 upfront and the remaining $400,000 as a DAP. The DAP payable would be $54.79 based on interest rate of 5% (Calculated as $400,000.00 x 5% ÷ 365)
How you pay is entirely up to you, some people choose to make a smaller lump sum and a larger daily payment or the other way round.
As a not-about-profit community benefit organisation we’re proud to be inclusive of people of all means.
Call our friendly team on 1300 313 000 for assistance with aged care fees.
Means Tested Care Fees
The Means Tested Care Fees are an additional amount you may be asked to pay depending on your Income and Asset Assessment. The Government sets the amount a resident must pay direct to the aged care provider.
This contribution is calculated by Centrelink or the Department of Veteran Affairs and is capped on an annual and lifetime basis.
You can use the My Aged Care Fee Estimator to give you an estimate of what your fees could be when entering into Residential Aged Care.