Financials Explained

Whilst the Australian Government provides some funding for residential services to assist with the costs associated with providing care, most residents will pay some additional fees and charges.

The Department of Social Services has a scheduled fee increase twice yearly – 20th March and 20th September.

As a not-for-profit, CaSPA Care is committed to providing accommodation and services to elderly people assessed by the government as requiring care.

If your income and assets are over a certain amount you may be asked to make an accommodation payment that you agree with the home prior to entry.

From 1st July 2014 the accommodation payment can be made as a lump sum called a Refundable Accommodation Deposit (RAD) or as a Daily Accommodation Payment (DAP).

It can also be a combination of a RAD and a DAP.