If you're starting to explore residential aged care for yourself or someone you love, you've probably noticed that accommodation costs can seem quite daunting.

If you or a loved one is moving into aged care, you’ve probably noticed that room prices are going up.

Money you pay as a lump sum for your residential aged care room will be refunded to your estate – so what do you need to know about when and how your money is refunded.

Moving into residential aged care can be a stressful period with complicated rules, family conflicts and rushed timeframes. 

If the prices for a room in residential care have caused you alarm and led to concerns about how to find such large lump sums, you are not alone. 

Understanding the refund rules for RADs (Refundable Accommodation Deposit) may remove some of the stress and worry with a move into residential care. 

Think you can’t afford aged care? Advice on your options can help to understand what is affordable and how to best structure your finances. 

Two things happened on 1 October that have seen aged care costs increase for some people in residential care – the interest rate increased and so did the maximum daily means-tested care fee.

If the prices for a room in residential care have caused you alarm and led to concerns about how to find such large lump sums, you are not alone.

If you're starting to explore residential aged care for yourself or someone you love, you've probably noticed that accommodation costs can seem quite daunting.