Residents in permanent aged care may also be required to pay a Means Tested Care Fee in addition to the RAD/ DAP. The Means Tested Care Fee is not a fee for service.
Centrelink or the Department of Veterans Affairs bases this fee on an evaluation of your income and assets assessment. The amount you may be asked to pay will depend on the outcome of this assessment and where you sit within certain thresholds. It recognises the Government’s assessment of your capacity to pay for your stay.
Where it is applicable, this compulsory fee is collected by your aged care provider but it is passed directly to the Government. If you fail to lodge an application for a means test, you may be charged the maximum amount.
We strongly recommend you consult a financial planner in regards to the Means Tested Care Fee.