There are (3) fees which may be applicable to you based upon the level of your assets and your income.
The (3) fees applicable to you will be for:
- BASE DAILY FEE
- COST OF ACCOMMODATION
- COST OF CARE
Base Daily Fee
This is charged at equivalent to 85% of the standard Australian Aged pension. All residents will pay this fee.
Cost of Accommodation
Before you enter care: if you wish to be supported by the government, you MUST complete the request for assets assessment and send it to Department of Human Services. You will receive written notification indicating your supported status. Once you have entered care the department of Human Services will inform St Nicholas if you are eligible to pay accommodation costs and what they will be.
Centrelink will notify you of your supported status for purposes of determining your cost of accommodation fees. You will be either
- Fully Supported The cost of your accommodation will be fully subsidised by the Government.
- Partially Supported As a partially supported resident you may be eligible for some support from the government. You may be required to pay a partial accommodation cost.
- Non- Supported If you have assets higher than the Centrelink determined level or income higher than the Centrelink determined level you will not be supported for the cost of your accommodation by the Government and the information below will be relevant to you.
St Nicholas charges Refundable Accommodation Deposits (RAD):
- $450,000 for Premium single room accommodation
- $400,000 for Superior single room accommodation
- $350,000 for Classic single room accommodation
- $300,000 for twin shared room accommodation
- $250,00 for Quad shared room accommodation
Please note these are fully refundable deposits when you leave the facility.
In these instances, the RAD does not need to be paid up front.
You may choose to pay the equivalent daily charge known as the Daily Accommodation Payment (DAP).
The DAP is charged at the Maximum Permissible Interest Rate (MPIR) (Please note this rate is indexed quarterly and the scheduled (MPIR) will be applicable from the date of admission). Once admitted the MPIR will remain unchanged for the duration of your residency.
Cost of Care
The Department of Social Services will assess your means (combination of income and assets) after entry to St Nicholas and determine if you are eligible to pay a means tested care fee in addition to the above two fees. You will be notified in writing by the department after entering aged care as will St Nicholas Nursing Home.
For further information about your fees please contact Department of Social Services
FINANCIAL INFORMATION SERVICE on 132 300 or 1800 200 422. They will be able to give you specific information for your particular circumstances.
More information is available on the Department of Social Services website. www.myagedcare.gov.au
Alternatively you may wish to seek independent financial advice.Saint Nicholas is unable to provide financial advice however we will be happy to assist with providing information regarding fees and charges