STRC: All You Need To Know

What is Short Term Restorative Care? Short Term Restorative Care (or STRC) is where you’re able to access a range of different services and support, for up to eight weeks, twice per 12-month period. Services include things like home maintenance, mobility aids or other equipment, health services such as physiotherapy and podiatry, daily assistance with cooking and cleaning, mental and emotional …

Should I Pay for my Parent’s Refundable Accomodation Deposit?

Navigating aged care and the costs associated can be a nightmare. One of the biggest hurdles to face is coming up with the required Refundable Accommodation Deposit (RAD). To enter an aged care facility, usually a large sum is required and often, families want to pay their parent’s RAD to potentially prevent them having to sell the family home. And while …

What is the Refundable Accommodation Deposit and how is it paid?

The Refundable Accommodation Deposit (RAD) explained The Refundable Accommodation Deposit (RAD) forms part of the nursing home (aged care) costs (there are four different parts involved – the RAD, the basic daily fee, the means tested care fee and the extra or additional service fee). The Refundable Accommodation Deposit (RAD) is an upfront deposit that covers ‘rent’ of your room for …

Market Price Vs Low Means – Do you really know which you are?

Be aware of the benefits and disadvantages of being assessed as ‘low-means’ or Market price eligible When it comes to residential aged care in Melbourne, you’re generally put into one of two main categories when it comes to what you need to pay for your care – ‘market price’ or ‘low means’. If you’re assessed as being capable of paying …

Explaining nursing home costs. Understand the upfront and ongoing charges

Nursing home costs (or Aged Care Facilities as they are now called) are made up of the following components: • Accommodation Cost• Basic daily fee• Means tested care fee• Extra service or Additional service fee. The accommodation cost is determined after completing an income and assets assessment with the “Department of Human Services” or “Department of Veteran Affairs”. A resident will be …