EVERYTHING YOU NEED TO KNOW
Aged Care
What is residential aged care?
Residential aged care is for older Australians who can no longer live at home independently, and need either ongoing support with everyday tasks or have higher care needs.
What services are typically available in residential aged care?
Residential aged care facilities provide accommodation and support with:
Day-to-day tasks like cleaning, cooking and laundry
Access to healthcare services and practitioners
Personal support like bathing and dressing
Activities to promote social and emotional wellbeing
How much does residential aged care cost?
Costs of living in residential aged care can vary. While some costs are the same for all residents, there are costs that are means-tested. We encourage you to seek independent legal and financial advice to determine if residential aged care is the best option for yourself or your loved one.
Difference between a retirement community and a residential aged care facility
Retirement communities and residential aged care are often confused to be the same, but when you start to research you will realise they are quite different.
Below are some of the key differences between retirement communities and residential aged care
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Retirement Communities |
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Residential Aged Care |
Focus |
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Lifestyle |
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Needs-driven |
How to Enter |
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Enter into a private agreement or contract with the operator |
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Eligibility determined through an assessment by Aged Care Assessment Team/Service (ACAT/ACAS). Residents then enter into agreement with aged care provider |
Residents |
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Able to live relatively independently |
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Need accommodation, care and support services to meet ongoing needs |
Regulation |
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State Government legislation |
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Commonwealth legislation |
Initial Payment |
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Occupancy payment and other entry costs, depending on the contract you choose |
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Accommodation fee, paid either through a refundable accommodation deposit, daily accommodation payment, a combination of these, or may be Government subsidised
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Payments upon leaving |
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Residents may pay a Deferred Management Fee (DMF) on departure, in addition to further contractual payments owed |
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Refundable accommodation deposits are 100% refunded when resident leaves, unless the resident draws down on these amounts to pay certain costs (e.g. daily accommodation payment)
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Living Costs |
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Regular service fees to cover the day-to-day operations of the community, particularly management and maintenance |
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Basic daily care fee and, for some, a means tested daily care fee |
Funding |
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Generally self-funded through personal finances, superannuation and/or pension |
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Care and accommodation charges are Government subsidised
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Care and Services |
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Additional services may be available (meals, domestic, health and wellness etc.) |
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Specified care and support services |
Accreditation |
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Retirement Living Code of Conduct |
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Aged Care Quality Agency |
Why choose Aveo?
As Australia’s leading retirement living and aged care provider, we have over 90 communities across Australia offering various support services. Here are just some of the reasons why you should choose Aveo.
Aveo Aged Care Guidance
At Aveo, we appreciate that navigating aged care can be overwhelming, which is why we offer a personalised aged care guidance service to assist you and your loved one. Click below to find out more and enquire today.
Aveo Living Options
From independent living communities, where residents can come and go as they please, and serviced apartments for those seeking a little extra support, to Freedom Care Communities that offer tailored support 24/7, we provide real choice for our customers. Click below to discover a community near you.
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