What might you be asked to pay?
Basic Daily Fee
Everyone is required to pay the basic daily fee. This covers your day-to-day living costs such as meals, cleaning and laundry, heating and cooling. The Basic Daily Fee is set at 85% of the single person rate of the basic age pension. When the pension increases on 20 March and September each year, your Basic Daily Fee will increase. Currently, and up to 19 Septeimber 2020, this fee is $52.25.
If you can afford to, the government will require you to contribute to your cost of care. 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. Please note that if you are a member of a couple, half of your combined income and assets are considered in determining your means-tested fee, regardless of which partner earns the income or owns the asset.
There are annual and lifetime caps on these fees. Once you reach $28,087.41 in a year and $67,409.85 over your lifetime, you cannot be asked to pay any more Means-Tested Fees. Any income-tested care fees you’ve paid after 1 July 2014 in a Home Care Package before moving in to our facility will also contribute to these caps.
Information on the governing rules of aged care means test assessments, including deemed income and exemptions, is available on the Department of Human Services website.
The maximum accommodation prices to enter BlueWave Living is listed below. These prices were last reviewed as at 1 April 2019 but are subject to change.
However, some people will not have to pay anything for their accommodation or possibly only pay for part of it. The Department of Human Services will advise if you are eligible for any Government assistance towards your accommodation, based on an assessment of your income and assets. If you are not eligible for Government support, you will pay the accommodation price. This price will be outlined in the Price Day Agreement you make on accepting a room, and the Resident Agreement you sign before you enter care.
Prices effective from 1st July 2020
|Maximum RAD||Maximum DAP||Combination|
|$400,000||$44.93||$300,000 RAD + $11.23 DAP|
|$450,000||$50.54||$300,000 RAD + $16.84 DAP|
|$500,000||$56.16||$300,000 RAD + $22.46 DAP|
|$550,000||$61.78||$300,000 RAD + $28.08 DAP|
What is a RAD and a DAP?
Residents can choose to pay for their accommodation by a refundable accommodation deposit (RAD), a daily accommodation payment (DAP), or a combination of both.
- A refundable deposit is paid as a lump sum amount.
- A daily payment accrues daily and is paid periodically, for example monthly.
- A combination payment includes both a partial lump sum and daily payments.