A Refundable Accommodation Deposit (RAD) or Daily Accommodation Payment (DAP) is an amount that you pay towards your accommodation in an aged care facility. You can choose to pay your accommodation costs by:
The Accommodation payments at our Leederville facility range from $650,000; and are due on the date of admission. If you choose to pay the Refundable Accommodation Deposit (Lump sum) the amount is payable in full on the day you move into the facility, with interest charged from the date of admission for outstanding amounts.
For further information on RAD payments please email info@rosewood.org.au.
The interest on the outstanding amount is currently charged at 8.38% as at 1 October 2024 (the Government sets the maximum interest rate you can be charged, which is set at the date of entry to the aged care home.) Any lump sum payments can be made which can then of course reduce the interest payable.