We understand that aged care fees can be confusing. That’s why we’ve provided a fee calculator to help you navigate the potential cost of your accommodation. If you would like to speak to someone about Aged Care fees, our friendly, Client Services Advisors would be happy to help. Call us on 1800 960 433 or click below to get in touch.
If you are required to contribute towards your Accommodation fees, there are three payment options you can choose from:
1. Refundable Accommodation Deposit (RAD)
You pay this as a lump sum. It’s a standard room price set by the aged care home and it’s fully refunded when you leave.
2. Daily Accommodation Payment (DAP)
This option is the equivalent of the option above…but paid in daily instalments. It’s an interest only payment and is non-refundable. For example, if a room cost $400,000, and the interest rates are 5% your daily fee would be charged at 5% of the $400,000 or $54.79 a day.
3. Combination Payment (RAD & DAP)
This option is a combination of the other two types of payment. You can choose to pay a partial lump sum amount and then the rest as a daily accommodation payment. Only the partial lump sum payment is refundable when you exit.
This tool helps you to explore what your daily accommodation payment (DAP) would be if you choose not to pay the full Refundable Accommodation Deposit (RAD).
