Fees

Asset & Income Assessment

On entering an aged care facility you must complete a combined Asset & Income Assessment Form SA457 and lodge with the Department of Human Services.  The assessment must be received back within 28 days of entering permanent Aged Care.

The Department of Human Services will use the Assessment to calculate your aged care fees and charges.

The information collected will be used to make a decision on the value of your assets and/or income to decide whether you are eligible for Government assistance with your accommodation costs.  If you are eligible the Department of Social Services will pay an accommodation supplement to MHAACS on your behalf.

The assessment  will also help you work out how much you can be asked to pay as an accommodation contribution if your are assessed as a low means resident.  The assessment will also determine the amount of any means tested care fee you may be asked to pay.

If you choose not to have an assets and income assessment you will not be eligible for any Government assistance with your accommodation costs and can be asked to pay the maximum means tested care fee.

Every Applicant has a different set of circumstances 

Please contact the General Manager Michelle Tucker on 08 88250000 to have a confidential discussion and estimate on what your fees would be.

Your individual circumstances are taken into account to determine fees and may be made up of some of the following:

1. Basic Daily Fee indexed in March & September.  Please refer to the Department of Health Schedule of Fees and Charges.

2. Accommodation Contribution

3. RAD (Refundable Accommodation Deposit)

Definition:  RAD or Refundable Accommodation Deposit (previously known as a bond) is an amount of deposit paid to MHAACS to secure your permanent room based on your assets as assessed with the Asset & Income Assessment Form SA457  RAD's are fully refundable (100%) to the estate after notice of probate is received by MHAACS.

4. DAP (Daily Accommodation Payment)

Definition:  RAD's can be paid in full or part paid.  DAP or Daily Accommodation Payment is a daily payment calculated on unpaid RAD.  The calculation is based on the MPIR (Maximum Permissible Interest Rate) as outlined in the  Department of Health Schedule of Fees and Charges.

RAD (Refundable Accommodation Deposit)

RAD's are set on the type of room provided, and are agreed between MHAACS and the resident depending on the result of the Income & Asset Assessment. 

Private Executive Single with ensuite - $395,000

Private Room, direct access to enclosed garden with ensuite bathroom  -  $325,000

Private Room with ensuite bathroom - $300,000

Shared rooms with ensuite - $280,000 per person

If your assets are above the price of the room, then your RAD will be set at the published pricing.  If your assets are above the First Asset Threshold as detailed in the  (Click here for the latest fees on the Dept of Human Services website) then your RAD would be calculated as Full RAD.

Example A:

John Smith receives his assessment and his assets are $250,000 and John is full pension with no other income. John has been offered a private room with ensuite valued at $300,000  Johns RAD would be set at $300,000 

John has the options to pay the RAD

  • Full RAD
  • Part DAP/RAD

John chooses to pay full RAD.  Therefore there is No DAP (Daily Accomodation payment) to be paid.

DAP (Daily Accommodation Payment)

Example B:

If John chooses to pay part RAD of $200,000 leaving $100,000 unpaid RAD.

DAP (Daily Accommodation Payment) would be calculated as follows

$100,000 x MPIR (Maximum Permissable Interest Rate) as per Please refer to the Department of Health Schedule of Fees and Charges. divided by 365 days per year = the DAP (Daily Accommodation Payment) to be charged.

Respite

If your ACAT has approval for respite, MHAACS may offer minimum 14 days and up to 63 days per financial year, depending on the availability of Respite Beds.

The Basic Daily Fee applies to respite Days.  Please see the Please refer to the Department of Health Schedule of Fees and Charges.  for the current basic daily Fees.

Please note:  During Respite Continence Aids are not supplied.

Aged care Calculator

The My Aged Care website provides a calculator to assist in calculating fees.

http://www.myagedcare.gov.au/fee-estimator/residential-care/form

Please be aware the information provided is generalised as everyone has a unique individual set of circumstances.

Please give MHAACS a call or complete the enquiry form to discuss your situation in confidence directly with the General Manager  at  Moonta Health & Aged Care Services Inc - 08 8825 0000

 

 


 

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