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Edgarley News, Updates and Annoucements

LATEST NEWS

COVID Update 12 October 2023
Covid Update News For Relatives

COVID Update 12 October 2023

October 12, 2023
COVID Update 9 October 2023
Covid Update News For Relatives

COVID Update 9 October 2023

October 9, 2023
Referendum Polling Information for 14 October 2023
General News News For Relatives

Referendum Polling Information for 14 October 2023

September 27, 2023
COVID Update 13 September 2023
Covid Update News For Relatives

COVID Update 13 September 2023

September 13, 2023
COVID Update 4 September 2023
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September 4, 2023
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About Edgarley
What We Do
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Meet the Team
Message a Resident
News & Updates
Contact Us
Our Services
Residential Aged Care
Independent Living
Respite Care Services
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Fees & Funding
Get In Touch
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Daily accommodation payment (DAP)

How does the calculation work?

EXAMPLE 1

If your room price is $500,000, your DAP will be worked out as follows:

Room Price × MPIR* / 365 Days
$500,000 × 6.31% / 365 Days
$86.44 per day

EXAMPLE 2

Lump Sum Paid (RAC)

Room Price − RAC Paid × (MPIR) / 365
$500,000 − $200,000 × (6.31%) / 365
= ($300,000 × 6.31%) / 365
= $51.86

Note: The MPIR used in this example (6.31%) is current as at 1 October 2022.

Refundable Accommodation Deposit (RAD)

If you choose to pay an amount as a lump sum, the balance is refunded when you leave the aged care home. Any amounts that you have drawn down from the lump sum to pay other aged care costs will not be refunded.

Paying a lump sum will reduce your Daily Accommodation Payment.

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