Fees & charges
Summary of charges and securities
All residents
| Daily fee |
$39.50 /day or (all residents will initially be charged by the |
|---|---|
| Accommodation Charge |
Up to $28.72 per day (assets from $38,500 – $98,237.60) |
| Income tested fee – additional |
Up to $63.48/day based on |
Residential low care (Stanford)
| Refundable accommodation bond |
Bond sizes vary; however, you |
|---|---|
| Monthly retention amount (5 years maximum) |
$307.50/month |
| Wellington Park’s interest rate on unpaid bond amounts |
Currently 8.74% |
Please note that these rates are subject to change and should be used for estimation only. Refer to your completed resident agreement for actual rates.
Costs
Our homes are government funded however the costs are structured differently for Low Care and High Care.
Basic daily care fees are based on the pension. Daily care fees are the same whether you are a resident in the Low Care or the High Care.
Income tested daily care fees are charged for residents with a higher income than the pension. Part pensioners and non-pensioners may be required to pay an additional income tested fee. The assessment is done by Centrelink or the Department of Veterans’ Affairs.
Accommodation bond: You may be asked to pay an accommodation bond if you enter low care. ‘In effect, the bond is an interest free loan to the home and most is refunded to the person or their estate when they leave. If you can’t afford it then you won’t be asked to pay it. There is no fixed amount for a bond. Bond sizes vary; however, you cannot be charged a bond which would leave you with less than $38,500 in assets as at 20th September 2010.
Accommodation charge: Residents in our High Care home may be required to pay an asset tested accommodation charge. It applies for a maximum of five years. If you pay an accommodation bond to a home you cannot also be asked to pay an accommodation charge.
Concessional and fully supported residents: If you cannot afford to pay the accommodation bond or accommodation charge you may be eligible to be a concessional or assisted resident. Concessional residents include means-tested pensioners who have not owned their own home in the past two years and who have assets of less than two and a half times the annual single basic age pension.
Assisted residents must meet the same criteria as concessional residents but can have assets of more than two and a half times and less than four times the annual single basic age pension. There are also Hardship Provisions for people who would face genuine hardship if they were to pay an accommodation charge.