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EIGHT MILE PLAINS QLD
K and M Healthcare Pty Ltd
Arcare Eight Mile Plains - 549 Warrigal Road EIGHT MILE PLAINS QLD 4113
549 Warrigal Road , EIGHT MILE PLAINS , 4113, QLD
Beds: 119
Category: Private Incorporated Body
Provider: K and M Healthcare Pty Ltd
Arcare Eight Mile Plains
Accreditation Status: Accreditation Report
Source: Aged Care Quality Agency
Do you need respite care, convalescent care, or permanent care for a loved one at Arcare Eight Mile Plains ?
Are you seaching for a vacancy in an aged care home in EIGHT MILE PLAINS or close-by ?
NursingHomes.com.au can provide an independent and experienced advice about Arcare Eight Mile Plains, including services delivered and financials, and a comparison to other aged care homes in EIGHT MILE PLAINS.
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The benefits of using an aged care placement service include:
The Maximum Permissible Interest Rate (MPIR) will reduce to 8.34% pa from
For a Refundable Accommodation Deposit (RAD) of $550,000 the equivalent Daily Accommodation Payment (DAP) reduces to $125.67 pd ($45,870 pa).
The Reserve Bank has kept the cash rate on hold for a few months, so we are seeing a very small decrease in the MPIR. This could mean that the MPIR has reached its peak and could be on the slide down.
Also from 1st April 2024, the refurbished Daily Accommodation Contribution (DAC) rate of $68.14 means an equivalent Refundable Accommodation Contribution (RAC) of $298,215. In June 2022 the RAC was $544,719, meaning that aged care homes that are “RAD-focused” are now less likely to look at fully supported / partially supported residents if the aged care home has already exceeded their 40% supported ratio, as the RAC has now dropped below $300,000.
The change in the MPIR to 8.34% is welcomed but should have no major impact on residents as they enter an aged care home from
Learn about RAD, DAP and MPIR ...
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Select RAD Amount: $
% |
Lump Sum of RAD Paid : $
DAP :$20.20 pd
Interest rate (MPIR) is: 8.34%pa
(effective 1/04/2024)