How much does aged care cost? If only there was a simple answer to that question. In the case of residential aged care facilities and nursing homes what you pay is worked out from an income and assets assessment, so it can be hard to calculate what your upfront and ongoing costs will be. At Seasons, we’ve worked hard to simplify our aged care costs to make it as easy and affordable as possible for both aged pensioners and self-funded retirees to move to and live in a Seasons community.
Seasons offers aged care with a difference. We combine the level of aged care services offered by nursing homes with the community living and lifestyle of retirement villages.
The main differences between our model and that of a residential aged care facility is that you will be living in your own private self-contained residence with access to 24-hour care and a personalised care plan that is developed with you and your family’s input. Couples can remain living together regardless of their care needs and pets are more than welcome.
The Seasons Model includes the payment of an ingoing contribution that secures a 99-year lease for your chosen apartment in one of our six communities and an ongoing cost or a weekly payment to cover your living expenses and personal care fund. Your outgoing costs is a daily accommodation fee, charged at a daily rate and capped at 4 years. This allows you to calculate exactly what that outgoing payment will be at any point in time.
Seasons also has a guaranteed buy back policy that ensures that we will buy you’re your apartment in nine months if it doesn’t sell sooner.
While residential aged care is subsidised by the government, what you pay is determined by an aged care assets and income test through the Department of Human Services (DHS).
At Seasons, we don’t need this information to work out a price for you. All our upfront and ongoing fees are the same for all our residents, regardless of their financial status and whether they are on the aged pension or are self-funded retirees.
All you need is the means to pay the upfront cost of your chosen apartment and afford to pay 85% of the base rate aged pension for your weekly fees – which covers your living expenses, including food.
As well as covering your General Services Charge and Food Services Charge, your weekly payment (set at 85% of the base rate pension) also includes a surplus amount that goes directly into your own personal care fund that you can use when you need it.
This personal care fund can be accessed at times where your Government ACAT assessed home care package doesn’t quite cover the care you need. For example, if you need Level 4 care, but you’re only currently receiving a Level 2 package.
If you don’t need it, this personal care fund continues to accrue throughout your stay with Seasons and is refunded when you leave.
As well as your personal care fund, you can also choose to draw down on the equity you have in your apartment to help fund your care. This is of benefit if your care needs increase further and can fund palliative care in the comfort of your own apartment.
Once you’ve reached the limit of your equity, there’s no more to pay. Seasons will cover your care costs for the rest of your stay.
We will only touch the equity in your property for care with your permission and you will receive regular statements.
No. Your home at Seasons is secured by way of a 99-year lease and “right to reside” with the added advantage of not having to pay stamp duty (as you do when you own a freehold title).
Yes. As a Seasons resident you will pay a weekly fee, which covers the costs associated with the day-to-day running of the Community. These costs are apportioned to each apartment on an “equal share” basis by way of a charge known as the General Services Charge.
Yes. Legislation in all States requires management to provide residents with regular statements of expenditure in relation to services and upkeep of the Community.
Care and personal services provided to individual Residents are invoiced fortnightly.