Clarity for Your Future
Simplifying Aged Care Payments
Always seek independent financial advice. Navigating the costs of aged care can feel overwhelming, whether you are planning for your own future or supporting a family member. At Lutheran Aged Care Albury, we are here to provide a clear roadmap, helping you understand expected costs, available government subsidies, and the simple steps to begin.
Overview
Navigating Your Options
The cost of support at Lutheran Aged Care Albury is determined by your specific care tier and personal income, typically funded through a blend of government contributions and individual co-payments.
For those choosing our retirement living options, costs include an initial entry payment for residency rights, recurring village service charges, and a deferred management (exit) fee upon departure.
Comparing Fee Structures
In-Home Care
This service covers specific assistance in your own residence, such as nursing, cleaning, or transport, alongside essential management fees. Most costs are subsidised by the government via My Aged Care, though you may be asked to contribute a basic daily fee or an income-tested supplement. Alternatively, you can choose Private Pay to bypass government assessments and pay an hourly rate directly to Lutheran Aged Care Albury for immediate support.
Residential Aged Care
Costs here include your accommodation, basic daily fees for essentials like dining and laundry, and clinical care fees. Funding is structured through a combination of government subsidies (following an ACAT assessment) and individual contributions based on your financial assets. This includes 24/7 clinical support.
Retirement Living
Retirement living focuses on an independent lifestyle and is wholly self-funded.
Primary costs include an ingoing contribution which varies based upon the original unit design, any modifications already completed to the unit and current market values and monthly recurrent charges for village maintenance.
Glossary of Terms: Aged Care & Retirement Villages
Aged care terminology can be confusing. Here is a quick guide to the most frequent financial terms you will encounter when joining Lutheran Aged Care Albury:
Basic Daily Care Fee
Is a legislated fee and payable by all residents. This fee increases in line with the Australian Age Pension on the 20th of March and September each year. All residents pay this fee which covers costs for daily living services, including meals, cleaning, laundry and utilities.
DAP (Daily Accommodation Payment)
An Accommodation Payment paid by periodic payment using the calculation worked out in accordance with the Aged Care Act and Aged Care Rules
RAD (Refundable Accommodation Deposit)
A payment paid by an individual to a registered provider for accommodation in an approved residential care home through which the provider delivers ongoing Funded Aged Care to the individual through the Service Group residential care and includes either a Refundable Accommodation Deposit or a Daily Accommodation Payment.
Means-Tested Fees
Variable contribution/s towards costs as determined by Services Australia.
Entry Contribution
The upfront payment to secure your unit within our retirement village.
Monthly Recurrent Charges
Recurring fees that cover village maintenance, staff, and onsite lifestyle amenities.
Note
Residential and home care fees are subject to change. It is important to update Services Australia regularly of assets and income.
We’re Here to Help You With Your Enquiries
The Lutheran Aged Care Albury Experience
A place where you genuinly feel at home. We offer far more than clinical excellence; we offer a community. Our homes and villages are defined by vibrant social calendars, shared laughter, and beautiful landscapes. From lively group activities to quiet moments in the garden, it's a place you can call home.
Support Tailored to Your Life
From assistance in your own home to compassionate, full-time residential care, Lutheran Aged Care Albury meets you exactly where you are. Every service we provide is guided by warmth, dignity, and a genuine respect for your independence.