The Australian Government pays for the bulk of aged care in Australia and how much you pay depends on your financial situation. There are strong protections in place to make sure that care is affordable for everyone.
There are three types of fees:
Basic daily fee – this covers living costs and all residents pay this daily fee. This fee is set at 85% of the single aged pension and is currently $52.25 per day.
Means-tested care fee – This is an additional contribution towards the cost of care that some people may be required to pay. The Department of Human Services will work out if you are required to pay this fee based on an assessment of your income and assets, and will advise you of the amount.
Accommodation payment – Some people may need to pay an accommodation payment depending on an assessment of income and assets. This is in the form of a lump sum (refundable accommodation deposit) or daily payment (daily accommodation payment) or a combination of both.
For residents entering care on or after 1 July 2014, please refer to our Accommodation Pricing Schedule – 1 July 2020
Additional information on fees and charges is also available from My Aged Care.