Residential Fees and Charges
Why are there fees and charges?
The Australian Government regulates fees and limits how much you can be asked to pay for aged care. The Government also subsidises aged care, but people are expected to contribute to the cost of their care if they can afford it.
What fees and charges are there at Monash Health care homes?
The fees charged depend on which home, and the type of room, you choose. For details about the fees and charges for each home, please click on relevant tab below.
Basic Daily fee
The basic daily fee is paid by everyone living in a care home. It is calculated by the Government and is 85% of the basic single aged pension. The fee covers living costs such as meals, power and laundry.
Means-tested Care fee
If you can afford it, the means-tested care fee is your contribution towards the cost of your care. The Department of Human Services will work out if you need to pay this fee based on an assessment of your income and assets.
Some people will need to pay the accommodation fee. It is another means tested fee and depends on your income and assets. The Department of Human Services will let you know whether this applies to you after your assessment.
The accommodation fees depend on the home and type of room you choose. At Monash Health we offer the flexibility of three payment options for you to choose from:
- Refundable Accommodation Deposit (RAD)
- Daily Accommodation Payment (DAP)
- Combination Refundable and Daily Accommodation Payment
For more information about accommodation fees, please click here.