Fees & Charges
As a government-funded Residential Aged Care Facility, our fees and charges at Fairway are set according to the requirements as outlined on My Aged Care website www.myagedcare.gov.au
The specifics of each fee and charge is outlined on the website, however in summary, your fees and charges will include the below.
These fees and charges can also be downloaded here.
Basic Daily Care Fee
Currently $54.69 per day for permanent care: updated in March and September each year.
Means Tested Care Fee (MTCF)
This charge is based on information submitted on the form Residential Aged Care – Calculation of your cost of care form (SA457).
This form is available on the Government website at www.myagedcare.gov.au and can be completed and submitted to DHS prior to, or on admission. It is valid for 120 days from when DHS notify you of the outcome.
A resident is not obligated to complete this form, however, a resident who chooses not to have their income and assets assessed will not be eligible for any Government assistance with their fees and accommodation. If information is not disclosed, the resident will be asked to pay the maximum Means-Tested Care Fees based on the cost of their care, until their annual or lifetime cap is reached, and an accommodation payment agreed with the home.
The maximum Accommodation Payment is $850,000 (as at 5/7/18).
The Accommodation Payment may be in the form of:
- a RAD (Refundable Accommodation Deposit) or RAC (Refundable Accommodation Contribution for DHS assessed low asset residents); or
- a DAP (Daily Accommodation Payment) or
- DAC (Daily Accommodation Contribution for DHS assessed low asset residents) – calculated on the unpaid portion of the RAD/RAC at the Department of Health DHS advised interest rate *applicable on admission; or
- a combination of a RAD and DAP (or RAC and DAC) as selected by the Resident, with the provision that the maximum RAD payable cannot be more than total assessable assets less $52,500 as at 20 March 2022.
The DAP is invoiced monthly in advance with the balance of fees due. A DAP may be deducted from your RAD (lump sum paid) in order to meet your agreed amount of accommodation payment; this option will monthly
- reduce your refundable lump sum balance; and
- increase the calculation base for your DAP (that is, the unpaid portion of your RAD) by this reduction amount — effectively a compound interest scenario.
Fairway also accepts at least 18.2% low asset residents. Prospective low-asset residents must submit the form specified in item 2 above prior to entry and include the DHS response letter with their application.
*The interest rate used in the calculation of the DAP portion of an Accommodation Payment is set by the government as at the admission date.
Enriched Living Program
Fairway, as well as providing the basic lifestyle services specified in the Aged Care Act, also offers an enhanced program of additional lifestyle services for an additional daily charge.
These additional services can involve bus outings to places of interest chosen in consultation with you and other residents; visits from professional musicians and singers; access to the wellness centre; tai chi programs; indoor golf; quizzes and trivia for social, physical and cognitive wellbeing; cinema experiences; Cycling Without Age; a specialist dementia program designed to your needs just to name a few.
As part of additional services, Lifestyle staff will, in consultation with the resident and family members, regularly assess changing resident needs with a view to tailor-make a program that will maximise each person’s life potential.
You may be eligible for government support to cover some, or all, of your care and accommodation fees. To apply for this support, you need to complete the request for a combined income and assets assessment on Services Australia’s website, you can apply here.
Processing times can vary for your eligibility to be assessed therefore submitting the form well in advance of admission can provide clarity to support your decision making.