Offering peace of mind, these lump sum payments ensure dignified accommodation while allowing for refunds, empowering individuals and their families to navigate the aging journey with confidence.
Lump sum payment paid for aged care accomodation & services
Resident is provided with exceptional and quality assured aged care services
Amount deposited is fully refunded after resident leaves aged care
Paying a RAD upfront can also result in lower ongoing expenses, as it minimises or even eliminates the need for DAPs.
By paying the full RAD amount, residents can enjoy the benefit of reduced or waived DAPs, thereby reducing their ongoing financial commitments.
The RAD operates as an interest-free loan to the aged care provider. This means that individuals do not incur any additional costs or interest charges on the amount they have paid.
The interest-free nature of the RAD ensures that the full amount is available for refund when it is due.
The Australian Government guarantees the repayment of the RAD. This means that individuals or families can have confidence in receiving the refundable amount when they or their family member leave the aged care home or in the event of their passing.
The RAD model also provides individuals with the flexibility to choose how they finance their aged care accommodation. They have the option to pay the full RAD amount upfront or opt for a combination of a smaller RAD and Daily Accommodation Payments (DAPs).
DAPs are non-refundable daily fees that contribute to the cost of accommodation and care. This allows individuals to tailor their payment approach based on their financial circumstances and preferences.
With government-funded aged care, the allocation of beds and the specific facilities available may be limited and dependent on availability.
In contrast, the RAD model allows individuals to choose their preferred aged care home based on their specific needs, preferences and cultural considerations.
Paying a RAD upfront can also result in lower ongoing expenses, as it minimises or even eliminates the need for DAPs.
By paying the full RAD amount, residents can enjoy the benefit of reduced or waived DAPs, thereby reducing their ongoing financial commitments.
The RAD operates as an interest-free loan to the aged care provider. This means that individuals do not incur any additional costs or interest charges on the amount they have paid.
The interest-free nature of the RAD ensures that the full amount is available for refund when it is due.
The Australian Government guarantees the repayment of the RAD. This means that individuals or families can have confidence in receiving the refundable amount when they or their family member leave the aged care home or in the event of their passing.
The RAD model also provides individuals with the flexibility to choose how they finance their aged care accommodation. They have the option to pay the full RAD amount upfront or opt for a combination of a smaller RAD and Daily Accommodation Payments (DAPs).
DAPs are non-refundable daily fees that contribute to the cost of accommodation and care. This allows individuals to tailor their payment approach based on their financial circumstances and preferences.
With government-funded aged care, the allocation of beds and the specific facilities available may be limited and dependent on availability.
In contrast, the RAD model allows individuals to choose their preferred aged care home based on their specific needs, preferences and cultural considerations.
Paying a RAD upfront can also result in lower ongoing expenses, as it minimises or even eliminates the need for DAPs.
By paying the full RAD amount, residents can enjoy the benefit of reduced or waived DAPs, thereby reducing their ongoing financial commitments.
The RAD operates as an interest-free loan to the aged care provider. This means that individuals do not incur any additional costs or interest charges on the amount they have paid.
The interest-free nature of the RAD ensures that the full amount is available for refund when it is due.
The Australian Government guarantees the repayment of the RAD. This means that individuals or families can have confidence in receiving the refundable amount when they or their family member leave the aged care home or in the event of their passing.
The RAD model also provides individuals with the flexibility to choose how they finance their aged care accommodation. They have the option to pay the full RAD amount upfront or opt for a combination of a smaller RAD and Daily Accommodation Payments (DAPs).
DAPs are non-refundable daily fees that contribute to the cost of accommodation and care. This allows individuals to tailor their payment approach based on their financial circumstances and preferences.
With government-funded aged care, the allocation of beds and the specific facilities available may be limited and dependent on availability.
In contrast, the RAD model allows individuals to choose their preferred aged care home based on their specific needs, preferences and cultural considerations.
In response to the cultural gap in aged care homes for our Muslim community, Gallipoli Home was established to meet this need and fulfill our duty of caring for our elders. It stems from the recognition that current facilities often do not cater to Islamic practices, making our initiative more than just a service but an obligation.
