Retirement village vs. aged care – what’s the difference?

May 21, 2021

Many people at a particular time will reach the age when their daily activities change, or they require assistance with self-care. At such a moment, searching for a retirement living facility in Nundah or elsewhere becomes a necessity.

A retirement village and aged care are two phrases that come up during a search for a facility to take care of the aged. They might be performing similar roles, but they have some differences.

Differences between a Retirement Village and Aged Care

  1. Type of care

Retirement villagers are private homes that provide retirees with a place to live with their age mates. They are for senior citizens who are active and only require minimal assistance. The intention of staying at a retirement village is associating with age-mates who share similar lifestyles and interests. Residents can maintain an active social lifestyle and even travel regularly. Although some retirement villages are now offering additional services to increase comforts like swimming pools, exercise, and recreational centers, the residents maintain a high level of independence. Others offer laundry, house cleaning, meals, and personal care for an additional fee.

Aged care provides accommodation, health care, and other support services to senior citizens who cannot live independently. The residents receive full-time supervision and assistance. The operators offer all accommodation services like beddings and furnishings to residents. They also give meals, nursing care, cleaning, and laundry services.

 

  1. Accommodation regulations

The government regulates care at an aged care facility and ensures residents receive 24/7 care. A government agency dealing with the old must assess if somebody qualifies to become an aged care resident. The assessment also determines the level of care the person will provide.

A retirement village is not under government regulation, and therefore it does not provide help for costs. Retirement villages are an investment to serve people who do not require a high level of care. The agreement between a provider and clients is purely commercial private.

  1. Accommodation cost

The accommodation cost at a retirement village is set by an operator and is specified in a residential cost. Most operators prefer a lump sum payment, although some have options for rental arrangement. Aged care calculates service fees based on government guidelines. They publish fees for clients to read and pay as a lump sum or a daily rental amount. The lump-sum payment is refundable on exit.

Other Differences between a Retirement Village and Aged Care

Entry age

Retirement villages are open for entry to persons of retirement age. The decision is based on lifestyle choices than health care. Aged care is health needs-driven and available to anybody of any age. An assessment confirms if someone qualifies for entry.

Vacancy right

Occupancy in a retirement village is usually under a lease arrangement, while aged care is a permanent tenancy, and any rules for movement are specifies in an agreement.

Care and services

Services in a retirement village like cleaning or meals depend on the facility. An aged care provides specified support services.

Payment upon leaving

Residents in a retirement village might a deferred fee and other contractual payments they owe during departure. A refund of accommodation deposits is available for aged care residents upon leaving the facility.

 

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