How Much Does a Nursing Home Cost in Australia

Nursing homes or Old Age Homes have become a boon for people all across the globe who need assistance and care for the overwhelming in old age. Australia, too, has some of the best and most reliable nursing Home that has been offering great care and assistance to the senior citizens of the country. If you are curious about nursing Homes and want to know how much a nursing home costs in Australia, then read out this blog to get thorough information about Nursing Home cost in Australia:

The Fee Structure of Nursing Homes in Australia:

The living cost or the fee structure of a Nursing Home in Australia can be divided into three categories:

Basic Daily Care:

The aged residents usually pay a monthly fee or a fortnight free for the basic daily care facilities offered by the nursing home care, which includes facility management, cleaning, meals, laundry, and more. The set basic free for nursing homes is about 85% of the standard full-aged pension. Currently, it is $58.98 per day.

Means Tested Fee: 

This fee is calculated using the resident's income and assets, which is conducted by an assessment coordinated by Centrelink or the Department of Veteran Affairs. A person with an annual income over $31,504.20 or ha e assets over $57,000 needs to pay means Tested fees. 

Refundable Accommodation Deposit (RAD):

Refundable Accommodation Deposit is a few that associates with the cost of the room that the resident is supposed to move in and is usually negotiated between the agent care facility and the resident. On average, the Refundable Accommodation Deposit Australia is around $470,000. All those prices may vary as per the location and the facility. In some cases, the Government of Australia covers the Refundable Accommodation Deposit of the resident for those earning below $31,504 and having assets below $57,000.

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Factors Determining the Cost of Nursing Home:

If you are wondering How much does a Nursing Home cost in Australia, then there are some factors that significantly affect the cost of the Nursing Home facility. Some of these factors include:

Location of the Nursing Home:

The overall cost of the Nursing Home can vary from state and territory as major Cities such as Sydney and Melbourne are expected to have higher costs in comparison to the other areas. 

The Required Care:

The cost is also identified per the level of care that is required by an individual, as people with complex medical conditions require high-paying home nursing facilities. 

Type of Accommodation and Amenities:

One of the major factors that determine the cost of nursing homes is the type of accommodation option that a person plans to choose, such as shared rooms, single rooms, and premium suites. Apart from that, the facility that is provided by the nursing homes also determines the cost for services such as dining options, social programs, recreation activities, and more that are needed to pay high fees. 

Some of the other factors that also influence the cost of the Nursing Home are Government subsidies, Extra Services, Means-tested fees, and so on.

Conclusion:

To sum up,  Australia has some of the best Nursing Home facilities, and you can select a Residential aged care Home for your loved ones as per your preferences. 

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