On 1 July 2014, the cost of living in an aged care facility changed.
From 1 July 2014 the Maximum Refundable Accommodation Deposit for Lake Haven Court is $450,000.00.
The Maximum Refundable Accommodation Deposit (RAD) represents the maximum amount that residents can be charged for their room. It should be noted that accommodation charges are negotiated on an individual basis and may be less than the maximum depending on the financial situation of the prospective resident.
Residents can choose to pay their accommodation by a refundable deposit, a daily payment, or a combination of both.
A refundable deposit is paid as a lump sum amount. A daily payment accrues daily and is paid periodically, for example monthly. A combination includes both a partial lump sum and daily payments.
We have staff dedicated to helping our prospective residents easily understand the process of entering into aged care. Call 1300 202 290 and we will do our best to help you!