To be admitted to an aged care facility you will need to be assessed by the Aged Care Assessment Team (ACAT).
You can usually book that through your GP or a hospital.
Once the assessment confirms residential care is required you can then begin to approach facilities and discuss admission.
While you’re spending the time looking at facilities it is important to understand you are entitled to 63 days of respite care.
This could be in the form of a rehabilitation hospital that may become an aged care facility on a trial basis.
The initial 63 days could possibly be extended by 21 days on approval from the Department of Aged Care.
Your assets will need to be assessed either as an unsupported resident if the total of your assets is above a certain threshold, or a supported resident who would be reliant on locating a residence allocated as a low means room within a facility. The latter is often hard to find. The low means room is intended to support those without financial resources to fall back on.
You should seek the advice of a qualified adviser in this area to understand what options and rights you have.
Once inside an aged care facility, you will pay a daily care fee which everyone pays that is set at 85% of the single for aged pension.
This is means tested and determined by your assets and income.
To have this amount determined you complete an income and assets assessment form and lodge this form with the Department of Human Services.
This form is very important if you seek to receive a government subsidy.
The final cost for an aged care facility is the refundable accommodation deposit. This covers your accommodation. Whereas everything above covers your daily care.
This accommodation deposit is refundable when you leave a facility.
A facility is obliged to repay the accommodation deposit within 14 days of you giving notice of vacating a care facility or within 14 days of your legal personal representative producing a grant of probate or letters of administration.
You have the choice to either pay the accommodation deposit in full at the time you enter a facility, or you may choose a periodic payment in its place.
You have 28 days from the time of signing the admission papers to decide which approach you want to take.
There are many variables to consider to achieve the best outcome.
Always seek advice before making any decision like selling a family home.