The Costs in Aged Care
Not everyone entering aged care is required to pay for the cost of the room (accommodation). If income and assets fall under set thresholds, the government will pay (Fully Support) or subsidise (Partially Support) the cost.
Being an all-inclusive aged care provider, we encourage applications from people of any background with any financial capacity.
For further information, please see our post below or book a personalised phone consultation with one of our specialists, to gain an estimation of fees based on an individual situation.
Aged Care Fees & Charges Explained
Aged care fees in Australia can be complicated and confusing depending on income and assets. To keep it simple, we have listed the 3 fees that are potentially payable with Menarock LIFE. We also support you further by providing a no obligation, personalised phone consultation and quote.
1. Basic Daily Fee
Everyone pays this fee. It is capped at 85% of the full Centrelink aged pension. It is revised on the 20th of March and September each year. This fee contributes towards day-to-day living costs such as meals, cleaning, laundry, resident activities, and electricity.
2. Accommodation Fee
Not everyone pays this fee. Requirement to pay is based on the level of a resident’s income and assets. It is the cost of the room (advertised price) and can be paid to the provider in three ways (see our room pricing and calculator below).
3. Means Tested Care Fee
Not everyone pays this fee. This is a contribution towards the cost of care and is calculated using a formula based on a resident’s income and assets. This can vary greatly because of the rules of what is included and excluded.
The fee can range from $0 and $417.41 per day.
No Obligation Fees and Charges Phone Consultation and Quote
Menarock LIFE Room Pricing
Our room prices can be found in the menus below, they vary for each home and are dependent on the room type you choose.
If you are required to pay for the cost of the room as determined by income and assets, there are 3 ways to pay.
1. RAD = Refundable Accommodation Deposit
2. DAP = Daily Accommodation Payment
3. COMBO = Split of RAD + DAP
Use our calculator to simulate a COMBO payment.
Any DAP is calculated on an interest rate on the outstanding RAD, set by the Government and is called MPIR (Maximum Permissible Interest Rate).
The Government guarantees all RADs paid to an accredited Residential Aged Care Provider such as Menarock LIFE.
Victoria Room Pricing
| Single Superior | 550k RAD | $126.27 DAP |
| Single Premium Plus | 450k RAD | $103.32 DAP |
| Single Premium | 300k RAD | $68.88 DAP |
| Single Standard | 270K RAD | $61.99 DAP |
| Companion Suite | 150k RAD | $34.44 DAP |
| Single Premium (private ensuite) | 550k RAD | $126.27 DAP |
| Single Standard (shared ensuite) | 500K RAD | $114.79 DAP |
| Companion Suite | 365k RAD | $83.80 DAP |
| Single Premium | 500k RAD | $114.79 DAP |
| Single Standard | 250K RAD | $57.40 DAP |
| Companion Suite | 125k RAD | $28.70 DAP |
| Single Premium | 500k RAD | $114.79 DAP |
| Single Standard | 400K RAD | $91.84 DAP |
| Single Superior Suite | 500k RAD | $114.79 DAP |
| Single Premium | 400k RAD | $91.84 DAP |
| Single Standard | 350K RAD | $80.36 DAP |
| Companion Suite | 275k RAD | $63.14 DAP |
| Single Premium | 500k RAD | $114.79 DAP |
| Single Standard | 450K RAD | $103.32 DAP |
| Single Premium | 550k RAD | $126.27 DAP |
| Single Standard | 450K RAD | $103.32 DAP |
| Single Premium | 500k RAD | $114.79 DAP |
| Single Standard | 400K RAD | $91.84 DAP |
| Companion Suite | 275k RAD | $63.14 DAP |
| Single Premium | 350k RAD | $80.36 DAP |
| Single Standard | 250K RAD | $57.40 DAP |
| Single Premium Suite | 550k RAD | $126.27 DAP |
| Single Standard | 450K RAD | $103.32 DAP |
New South Wales Room Prices
| Single Premium | 320k RAD | $73.47 DAP |
| Single Standard | 280K RAD | $64.28 DAP |
| Companion | 160k RAD | $36.73 DAP |
Tasmania Room Prices
| Single Premium | 200k RAD | $45.92 DAP |
| Companion Suite | 100k RAD | $22.96 DAP |
