Is it expensive to move into Residential Aged Care?

The price of your aged care is dependent on several factors. The Australian Government provides subsidies based on your individual care needs, paid directly to your Aged Care home. The cost of your accommodation and care is also dependent on your assessed ability to do so by the government. You must complete a means assessment to find out if you are eligible for government assistance with accommodation costs and if you need to pay a means tested care fee (MTCF).
The various fees involved with moving into an Aged Care home include the basic daily fee, the means tested care fee, accommodation costs, and other additional care and services costs. For more information regarding Aged Care costs, click here, or visit https://www.myagedcare.gov.au/aged-care-home-costs-and-fees.