Residential Care Fees
Who Pays the Residential Care Fees
Here’s how you can pay your residential care fees:
Full RAD Payer
If the Means Tested Amount (MTA) is more than the maximum accommodation supplement which is $66.94 (from 20 September 2023 to 31 December 2023).
Quick Rule: Assets = $197,735.20*
Accommodation
Resident pays full cost (RAD/DAP).
Care
Cost shared between government (ACFI subsidies) & resident (basic fee + MTF + additional services).
Low-Means (Supported)
If the Means Tested Amount (MTA) is less than the maximum accommodation supplement which is $66.94 (from 20 September 2023 to 31 December 2023).
Quick Rule: Assets = $197,735.20*
Accommodation
Costs shared between government (subsidy) & resident (RAC/DAC).
Care
Resident pays only basic fee (plus additional services) and government pays the rest (full ACFI subsidies).
*The residential care fee is based on just assets, but MTA is subject to a combination of income and assets.
Schedule Your Appointment
Interested in finding out more about Aged Care Financial Advisers? Get in touch if you’d like to find more about our aged care services or need help working out your next steps.
