fees
The cost of aged care in Australia can be complicated and confusing depending on income and assets.
Read on to learn more.
AGED CARE FEES & CHARGES EXPLAINED
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.
Basic Daily Fee
Everyone pays this fee. It is capped at 85% of the full Services Australia (formerly known as 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.
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).
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 $1 – over $260 per day.
THE COSTS IN AGED CARE
Not everyone entering aged care in Australia is required to pay for the cost of the room (accommodation). If income and assets fall under set thresholds, the government will pay (Fully Supported) or subsidise (Partially Supported) 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 client services team members, to gain an estimation of fees based on an individual situation.
Current Basic Daily Fee
Effective 20th March 2025, the Basic Daily Fee will be $63.82.
MENAROCK LIFE ROOM PRICING
Victoria
