RADs, or Refundable Accommodation Deposits, are the most common form of accommodation payment for residential aged care. For the other types of accommodation payments and aged care fees click here. Below are some of the most common questions families have regarding RAD payments:
Does the RAD need to be paid on entry?
The government allows you and or your loved one 6 months to pay their RAD. However, interest is paid at the current legislated rate from the entry date until the RAD is paid. Please refer to our fee sheet for the current legislated interest rate.
If the RAD is paid within 7 days of entry no interest will be charged.
Is the RAD safe?
The government guarantees all Refundable Accommodation Deposits (RADs) that are paid to Arcare.
What happens to the RAD if the resident leaves or passes away?
The RAD is fully refunded to the resident or their estate if they leave Arcare (less any fees, charges or interest outstanding). If the resident returns home, the RAD is refunded within 14 days from discharge. If the resident passes away, the RAD will be refunded to their estate within 14 days of receipt of a certified copy of Grant of Probate.