• Specialist Financial Advice for Aged Care
  • Aged Care Facility Placement
  • RAD (Bond) & Fee Negotiation
  • Centrelink/DVA Application & Lodgement Service
  • Tailored Aged Care Asset Offset Products & Solutions

Our track record is impressive, we can save you thousands of dollars! We take over where the Aged Care Fee Calculator leaves off . If you rely on the My Aged Care calculator famlies may end up with an inferior outcome on costs and fees. 

Call PrimeCare Financial Planning today to discuss your aged care requirements and allow the “Independent Specialists” to assist you through the aged care complexities on (03) 9006 1736.

Tips & Traps to be AWARE of!

Aged Care Fee Calculator

  • Beware of "aged care fee calculators" offered on websites or operated by unqualified &/or unathorised personnel,                          

as they can be wrong by thousands of dollars and give you a very misleading answer!                       

These calculations often won't consider all you individual circumstances!  They can misguide 

you by thousands of dollars and you may end up paying more in means tested

care fees and/or possibly miss out on Centrelink or DVA benefits, so BEWARE!                                    

  • Many fees, income and assets are very often not accurately reflected or entered in 

"aged care calculators", so please don't get caught out.

 Aged Care Fees: Did you know?

  • RAD (formerly Bond) amounts can be negotiable!
  • Some daily care fees are negotiable!
  • Concessional fees are available!
  • You can minimise the means tested care fee!
  • Different levels of care have a range of fees!
  • You may qualify for tax offsets?
  • If you run out of money to fund your daily fees there are ways to fund the shortfall!
  • You can also avoid a decrease in Centrelink/DVA benefits with the right professional advice!

Some of the above fees and costs along with income and assets are often not accurately 

reflected when "aged care calculators' and programs are in the wrong hands, so BEWARE!

Call PrimeCare today for accurate specialist Aged Care financial advice on (03) 9006 1736.

Checkout our table below for some accurate fee & cost information.

Aged Care Costs

Aged Care Fees

Maximum Accommodation Supplement - maximum daily rate if assets  $162,087.20 $55.44 per day

Basic Care Fee - permanent standard resident (Centrelink recipient) & Phased Resident

Home Care

$49.42 per day

$10.17 per day

Means Tested Care Fee Dependent on assessable income & assets Annual Cap $26,566.54 Lifetime Cap $63,759.75
Extra, Additional or Premium Service Fee Varies between facilities or pay on an as needs basis
RAD Refundable Accommodation Deposit Varies between facilities - $550,000 max charge unless prior approval from Aged Care pricing commissioner
Asset Cut Off (Free threshold) for fully supported resident $47,500

Within this asset range you will pay either a DAC (daily accommodation contribution) or a RAC (refundable accommodation contribution).

$47,500 - $162,815.20

Maximum Permissible Interest Payment for RAD amount also known as DAP (Daily Accommodation Payment) 5.73%, 5.70% from Oct 1 2017
Maximum Retention amount *No longer exists from July 1st 2014

Current as at September 20 2017

Please Note: *Some aged care facilities are charging a draw down on your RAD or a general fee called a maintenance, refurbishment or capital upgrade fee. However, some of those fees have been revoked by the government.

The Department of Human Services in conjunction with Centrelink and DVA require a completed asset and income assessment seting accomodation affordability and the means tested care fee.

What you want to avoid is a decrease in Centrelink or DVA pension and pay a high means tested care fee (a punitive tax).

There are some terrific concessions available and even tax offsets. These concessions can save you thousands of dollars particularly if you keep the family home.  

To minimise your means tested care fee and maximise social security benefits, please call us today on (03) 9006 1736.


Aged Care Levels 

Aged care levels on a medical care basis will still have low to high care needs for residents. However, financially there is now no distinction on a low of high care level. Accommodation costs and fees will be similar for both low and high care needs as residents age in place.


Supported Accomodation Care beds:

        • Accommodation Supplement also known as Daily Accomodation Contribution
        • Basic Daily Care fee
        • Means Tested Care fee generally not applicable for supported residents

Extra Service Care beds:

        • RAD (Refundable Accommodation Deposit)
        • And/or Daily Accommodation Payment (DAP). Is interest on the RAD.
        • Basic Daily Care fee
        • Extra Service fee opt in or out, or user pays. 
        • Means Tested Care fee (dependent on income & assets after thresholds)


Daily fees explained:


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Erika Wilke and Robert Martin are authorised representatives of PrimeCare Financial Planning Pty Ltd, ACN 602 458 613
Australian Financial Services License No. 473141