Respite Care: How Much Does It Cost?

Respite Care: How Much Does It Cost?

Your elderly loved ones can stay at home even with the different levels of care that they need. However, it’s not guaranteed that you or their caregiver can be there for them all days. This is why residential respite care has grown popular in Australia, the United States, and other major countries in the world. Respite care can also be a facility that welcomes residents in a temporary basis.

Respite care comes in handy when your loved one’s caregiver can’t come in for the day. The best residential respite care worker has the capability to aid your elderly with basic assistance in doing minor tasks at home as well as other special care. Furthermore, in some instances, families use respite care as a testing ground if permanent residential aged care is good for their elders.

Average Cost of Respite Care

One of the biggest concerns when considering respite care is the cost of the service. Its cost is actually dependent on the time rendered by the worker. This depends on the options and variations they have to offer. Most residential respite care providers offer it for daily or monthly costs.

You have to remember that the necessary service your loved ones need will also play a big factor to the overall amount billed to you. Arcare residential respite care comes in both in-home and residential forms with a minimum of two weeks stay. Click here for their respite care services and see what they have to offer in detail.

Moreover, you can also qualify for a subsidy from the government. All you need is for your elders to get assessed by the Aged Care Assessment Team to see if you are eligible for the government’s financial support.

Will Insurance Providers Cover the Cost

Generally, insurance providers do not cover the fees for respite care. Fortunately, there are a few long-term care plans that already include a fraction or a whole of the cost for respite care. Aside from insurance plans, there are other organisations as well that provide local funding to support your loved one’s respite care.

Is the Cost for Respite Care Taxable?

The net cost of the service is tax deductible, however, other extra charges are not qualified. These expenses include the bond, lodging charges, meals, and more.

There is no fixed amount to how much you can claim, but there is a specific percentage mandated by the government for the tax deduction. Your family income, taxable income, and expenses for the care will be computed. A fraction of the sum will then be the amount that you can possibly claim.

Furthermore, should your application for government subsidy get denied, you can always contest the decision by appealing within a 10-day period. Any appeal beyond those days will not be considered.

Respite care is not only best for your elderly loved ones, but to their carers as well. Before you even make a decision on which provider to contact, think about how much it would cost you to get the extra help. Talk to an accountant or an expert from the aged care provider and see if your loved one is eligible for tax deduction. Give your aged loved ones the best care possible.

Comments are closed.