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Pricing Statement

John Curtin Aged Care is committed to caring for individuals through the provision of quality services, placing focus upon residents, with the ability to cater for individual needs, preferences and interests.

From July 1, 2014, the way people will pay for aged care is changing, bringing in more structure and choice. 

 

Refundable Accommodation Deposit (RAD)

RADs are defined as a ‘refundable accommodation deposit’, which was previously called an accommodation bond.  The RAD is payable by the resident within 6 months of entering the facility. The consumer can choose how to pay for their accommodation, as either a lump sum (RAD), daily accommodation payment (DAP) or combination of the both, within 28 days of entering the Aged Care Facility.

 

Daily Accommodation Payment (DAP)

DAPs are defined as ‘daily accommodation payment’, which was previously known as a periodic payment. This daily accommodation payment would be paid by the resident. The consumer can also choose a combination of both payments, which they can elect to deduct the DAP from any RAD balance held. We must also publish two combinations of RAD/DAPs for consumers to consider. If a resident has not chosen a payment method within 28 days then the default payment options will be a DAP. 

 

Means Tested Fee (MTF)

From the July 1, 2014, the co-contribution by care recipients will change from an income assessed payment to an asset and income assessed payment, known as Means Tested Fees (MTF). The payments in residential aged care will be to a maximum threshold of $25,939.92 (indexed annually) per annum. A lifetime limit of $62,255.85 (indexed annually) will also be in place.  The actual amount will be determined by government.

 

Prices @ March 2017, subject to change with CPI and indexation as determined by Dept of Health

Costs – Curtin, single room with ensuite 

Daily fee (all will pay)

$49.10 (or 85% of single aged pension)

Refundable Accommodation deposit (RAD)

$350,000

Daily accommodation payment (October 2016) (DAP)

$55.42

Combination of RAD and DAP (@50/50)

$175,000 RAD and $27.71 DAP

 

 

 

Costs – Peacock, single room with ensuite, Dementia specific (Secure)

Daily fee (all will pay)

$49.10 (or 85% of single aged pension)

Refundable Accommodation deposit (RAD)

$400,000

Daily accommodation payment  (October 2016) (DAP)

$63.34

Combination of RAD and DAP (@50/50)

$200,000 RAD and $31.67 DAP

   

 

  

 


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