What is an Accommodation Bond? An accommodation bond is an amount of money that may be payable by residents entering a residential care service with an Aged Care Assessment Team (ACAT). The Accommodation Bond is paid in addition to any Basic Daily Care Fee and Income Tested fee that apply to the Resident. Ningana Retirement Village will retain interest / income earned from the investment of the Accommodation Bond funds.
What is Retention? As advised by the Department of Health and Ageing, Ningana Retirement Village charges a retention fee per month for up to 5 years. (The Retention fee is subject to change per Department of Health and Ageing). Upon discharge from the facility a balance of funds, being the Accommodation Bond less retentions paid to date, will be refunded to the resident or their estate.
How much Accommodation Bond will I pay? There is no fixed amount for an Accommodation Bond. The Department of Health and Ageing stipulate the minimum permissible value of assets that a resident must be left with. Residents who have assets valued at more than this amount can be asked to pay an Accommodation Bond. Depending on your individual situation, there are a number of ways of paying Accommodation Bonds:
1. Lump Sum of the whole accommodation bond within six months from admission
(Interest at the applicable rate may be charged if there is
a delay in payment
lump sum)
2. Periodic (fortnightly or monthly payment which has a retention
and interest component (Interest at applicable rate would apply)
3. Combination of lump sum and periodic payment.
For more information please refer to the Schedule of Fees and Charges from the Department of Health and Ageing.
Q: Can we have our own room?
A: Single rooms are given out on an as needed basis taking into account each individual residents care needs.
Q: Are there any activities?
A: Residents and families have access to a monthly newsletter listing activities for the month. They include bingo, games, newsreading, craft, outings, community visitors including church etc.
Q: What services are provided?
A: Hairdressing, podiatry, physio, aromatherapy, activities, Dietitian, Church services.
Q: Can we still use our own doctor?
A: Yes, provided your GP is prepared to attend Home visits.
Q: What are the visiting hours?
A: Unrestricted. Please respect other residents if visiting after hours.
Q: What can we bring with us?
A: Best to view the room first and then decide in relation to furniture. Any personal items such as photos, bedspread etc can be brought in on admission.
Q: Can we have pets?
A: At the discretion of the Facility Manager.
Q: How long is your waiting list?
A: Particular attention is paid to urgent placements from the local community.
Q: What happens with Medication?
A: As per GPs directions and dispensed by either RN or EN.
Q: Do you have accommodation for couples?
A: Yes-twin share rooms can be utilized. Both must have valid ACAT assessment.
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