NursingHomes.com.au Nursing Homes Advice and Placement Specialists
Uniting Kamilaroi Lane Cove
LANE COVE NSW
The Uniting Church in Australia Property Trust (NSW)
Nursing Homes Directory
Uniting Kamilaroi Lane Cove - 155 Longueville Road LANE COVE NSW 2066
155 Longueville Road , LANE COVE , 2066, NSW
Provider: The Uniting Church in Australia Property Trust (NSW)
Uniting Kamilaroi Lane Cove Accreditation Status: Accreditation Report Source: Aged Care Quality Agency
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Uniting Kamilaroi Lane Cove
Need Aged Care Advice, Placement or Advocacy ?
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What benefits will an Aged Care Placement service provide to you?
The benefits of using an aged care placement service include:
Guidance and support - An aged care placement service can provide expert guidance and support to help older adults and their families navigate the complex and often overwhelming process of finding and selecting appropriate long-term care options.
Access to information - These services often have access to a wide range of information on available care options, including details on services, amenities, and costs.
Advocacy - Aged care placement services can act as an advocate for older adults and their families, helping them to navigate the application and admissions process, and ensuring that their rights and preferences are respected.
Coordination - They can help with coordinating the transition to a new care setting, including arranging for necessary medical evaluations, transferring personal belongings, and helping with other logistics.
Time-saving - They can save a lot of time and effort for the older adults and their families in finding and selecting the appropriate care options.
Cost-effective - It can be cost-effective as some agencies may have a contract with facilities to offer discounted rates.
Tailored solutions - They can provide tailored solutions to the unique needs of older adults and their families.
MPIR increased to 8.38% pa
The Maximum Permissible Interest Rate (MPIR) has increased to 8.38% pa from
For a Refundable Accommodation Deposit (RAD) of $550,000 the equivalent Daily Accommodation Payment (DAP) increases to $126.27 pd ($46,090 pa).
The Reserve Bank increased the cash rate again in November 2023, which has a flow-on impact to the MPIR. This is now the highest MPIR since January 2012 and more than double the MPIR that applied just a little over one year ago.
Also the refurbished Daily Accommodation Contribution (DAC) rate of $66.94 pd means an equivalent Refundable Accommodation Contribution (RAC) of $291,564. 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 residents if they have exceeded their 40% supported ratio, as the RAC has now dropped below $300,000.
The MPIR increase to 8.38% will have a major impact on residents as they enter an aged care home from