Understand the costs of residential aged care

  There are three sets of fees payable: costs of accommodation, costs of care, and costs of extra services.   1.  Costs of Accommodation The accommodation payment will be quoted as a lump sum called a Refundable Accommodation Deposit (RAD). … Continued

Things your financial adviser can help you with

  Navigating the aged care terrain requires much more than information. Families on this journey need a listening ear, acknowledgement, and reassurance. They want to be treated as whole and competent human beings, who can make their own decisions. They … Continued

How is Mum’s age pension affected by her move to residential aged care?

  For most of our clients who are moving into residential aged care, retaining their Centrelink benefits and associated health cards is a high priority. In addition, often, a move into residential aged care is the catalyst for aged Australians … Continued

Do I need to provide guarantees for my parent entering residential aged care?

  A client of ours recently questioned us about the Residential Agreement and Accommodation Agreement they were asked to sign when admitting his mum to residential aged care. In particular he was concerned about a clause stating that a resident … Continued

Can I negotiate the RAD with the aged care facility?

    A client recently emailed us with a question about whether the Refundable Accommodation Payment (RAD) can be negotiated with the residential aged care facility. More specifically he was interested in finding out whether not-for-profit residential aged care facilities would … Continued

Follow by Email
Facebook
Facebook
LinkedIn
Twitter
Google+
http://australianagedcare.net/tag/daily-accommodation-payment/
RSS