Overview of Costs

Please note that for residents with no or minimal assets and income (i.e. fully or partially Government supported residents), the only fee that will apply will be the Basic Daily Fee, which represents 85% of the aged care pension.

With the exception of Accommodation Fees/Deposits (which are negotiated with Signature Care directly), all other fees and charges are mandated by the Australian Government (i.e. Department of Health, Department of Veterans Affairs, etc).

Whilst our dedicated Admissions Team can discuss fees and charges in more detail during your tour or upon application, a summary of the fees which you may be asked to pay in a Signature Care home are as follows:

  • A basic daily fee. This covers living costs such as meals, power and laundry. For some people (concessional/fully supported residents), this is the only fee they are required to pay. The maximum basic daily fee is 85% of the single basic Aged Pension daily payment.
  • A 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.
  • An accommodation payment. This is for your accommodation in the home. Some people will have their accommodation costs met in full or part by the Australian Government, while others will need to pay the accommodation price agreed with Signature Care. The Department of Human Services (Centrelink) will advise you which applies to you based on an assessment of your income and assets.
  • Fees for extra or additional optional services. Additional fees may apply if you choose a higher standard of accommodation or additional services. These vary from home to home. We can provide you with details of these services (if available) and the fees that apply (if applicable) during your tour or upon application.

Represented differently:

Daily Fees

Accommodation Fees/Deposits

Basic Daily Fee – applicable for ALL residents

Refundable Accommodation Deposit (RAD) – applicable for some residents

OR

Daily Accommodation Payment (DAP) – applicable for some residents

OR

Combination of RAD/DAP – applicable for some residents

OR

Concessional/Fully Supported Residents – applicable for some residents

Means-Tested Care Fee – applicable for some residents (i.e. if deemed by Centrelink for residents with large assets/income)[2]

Additional Services Fee – optional if chosen by the resident (if available)

You can use our to help you estimate the fees and charges you may have to pay towards your residential aged care.

[1] This information has been adapted from the Department of Social Services “Five steps to entry into an aged care home”: https://www.dss.gov.au/sites/default/files/documents/07_2014/5_steps_booklet.pdf

[2] There are annual and lifetime caps in place to limit the amount of the means-tested care fee you will need to pay.