Financial Considerations


There are three financial aspects relevant for admission to residential care at the Queen Victoria Home:

  • Basic Daily Fees
  • Accommodation payments
  • Income Tested Fees

From 01 July 2014, as part of the Commonwealth Government’s Living Longer Living Better reforms (refer to www.livinglongerlivingbetter.gov.au) these fees will change to the following:

  • Basic Daily Fees
  • Refundable Accommodation Deposit (RAD) or Daily Accommodation Payment (DAP)
  • Contribution to Care Fees

BASIC DAILY FEES

Basic Daily Fees are set by the Department of Social Services.  These fees are referenced to the basic age pension and are changed in line with indexation of the age pension.

These charges are payable monthly in advance and cover meals, personal care needs, light and power, rates, laundry and cleaning.

Residents need to meet their own costs of clothing, pharmaceuticals, private medical insurance, telephone, toiletries, contents insurance, discretionary personal expenditure and some care items not included in the Government list of prescribed services.

ACCOMMODATION PAYMENTS – Prior to 1 July 2014

When entering residential care, accommodation payments are payable subject to the level of a resident’s assets. Government assistance may be available subject to an assessment of assets.

Residents entering high level care may be asked to pay an accommodation charge of up to $34.20

Residents entering low-level care may be asked to pay an accommodation bond. These bonds are fully guaranteed by the Commonwealth Government.

Further information is available at the Queen Victoria Home monthly tours of the facility; The Department of Social Services website; or by direct contact with the Home.

INCOME TESTED FEES – Prior to 1 July 2014

The Australian Government subsidises most of the aged care services delivered in Australia. But people with higher incomes may be asked to contribute to the cost of their care.

As someone living in an aged care home, you may be asked to pay an income-tested fee in addition to the basic daily care fee. The amount you pay will depend on your income. You pay this income-tested fee directly to the aged care home as part of your overall fees.

 

For further information, please refer to the Commonwealth my aged care website www.myagedcare.gov.au

 

 

Expression of Interest Form

Government Set Fees
http://www.health.gov.au/internet/main/publishing.nsf/Content/ageing-finance-resfees.htm

Aged Care Accreditation Agency 
http://www.accreditation.org.au/

Independent Accreditation Report on the QVH
Available here

For more information please contact
admin@queeenvichome.com.au