Blog posts
Aged Care Bond Refund On Death: How Much Do You Get Back?
When you make a large lump sum payment towards an aged care bond, it’s important to have some assurances that it will be refunded on death. So, what are the rules concerning aged care refunds on death? Are you entitled to a full refund? What is the typical processing...
Aged Care Bonds: What Are They? Do You Need To Pay One?
Navigating the world of aged care can be daunting, especially when it comes to understanding aged care bonds. In this article, we'll break down what aged care bonds are, when you might need to pay one, and the options available if you can't afford it. Plus, we'll...
Means-Tested Care Fee Cap Explained: Daily, Annual, and Lifetime Limits
There are a number of fees and costs associated with residential aged care that are payable once you or a loved-one moves into aged care. One such fee is the Means Tested Care fee. The Means Tested Care fee is payable in addition to the Basic Daily Care fee and any...
Basic Daily Care Fee: What Is It & How Is It Calculated?
There are a number of costs associated with residential aged care. One such cost is the Basic Daily Care fee. Understanding the current Basic Daily Care fee and how it is calculated allows you to help determine aged care affordability. What is the Aged Care...
Means Tested Care Fee For Aged Care: You Complete Guide
The way you structure your income and assets can greatly impact your aged care Means-Tested Care fee. But what is the Means-Tested Care fee and how does it work? What is the Aged Care Means-Tested Care Fee? The aged care Means-Tested Care fee is a fee payable by...
Is It Better To Pay RAD or DAP for Aged Care?
Upon moving into residential aged care, you have the option of paying a Daily Accommodation Payment (DAP), a lump sum towards the Refundable Accommodation Deposit (RAD), or a combination of the two. But what’s the best option? Is it better to pay a RAD or a DAP? To...