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Getting your RAD back
Read more: Getting your RAD backMoney you pay as a lump sum for your residential aged care room will be refunded to your estate – so what do you need to know about when and how your money is refunded. Accommodation payments (called Refundable Accommodation Deposits – RADs for short) are one of the most misunderstood areas of residential aged care. Many people don’t realise that a RAD is not “lost” money but is refundable when you leave care or pass away. When entering care you will have the choice to pay for your room as a lump sum or a daily fee. If you…
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Don’t panic – your starting fee may only be temporary
Read more: Don’t panic – your starting fee may only be temporaryCashflow planning is important when moving into aged care, but plans can be thrown into chaos if your first invoice shows much higher fees than expected. This article sheds light on interim fees. The first statement you receive when you move into residential aged care can be a shock, as fees might be far higher than expected – possibly even hundreds of dollars a day higher. This might not be an error but rather be just a matter of understanding how “interim fees” are applied. If you are required to pay a means-tested fee as a contribution towards the cost…
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Three Aged Care Mistakes You Should Avoid
Read more: Three Aged Care Mistakes You Should AvoidMoving into residential aged care can be a stressful period with complicated rules, family conflicts and rushed timeframes. This can easily lead to mistakes, which can be costly and difficult to rectify. This article highlights three common mistakes and tips to avoid the traps 1. Rushing your decision The biggest expense you will face is the cost of your room, which is likely to be quoted as hundreds of thousands of dollars. However, you might choose to pay a daily fee instead of the big lump sum. When signing contracts, many people feel pressured to make quick decisions which might…
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The Festive Season brings Families Together
Read more: The Festive Season brings Families TogetherWhen your family gathers over the festive season, it might present an opportunity to start planning for future care needs. Christmas is a time for families and the New Year is for resolutions. This year, combine the two by making a resolution to pay more attention to how your older parents are coping and start family conversations to develop a plan for future care and support. You may have been busy through the year and not noticed the small things. But how well parents are coping may become more obvious when you have time to catch up with family over…
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Thought You Couldn’t Have Your Cake and Eat it Too?
Read more: Thought You Couldn’t Have Your Cake and Eat it Too?The saying goes, you can’t have your cake and eat it too, but with a new brain-friendly cake perhaps you just can. With the Festive Season almost here, you might not want to think about the impact on your waistline. How often are we told that we should stop eating cake and sugar, to lose weight or improve our health? But for those who like a piece of cake, the good news is that a recent collaboration by Meals on Wheels NSW has developed a “brain-friendly cake”. This collaboration produced a cake which uses ingredients that are beneficial to the…
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