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Who pays for your care home - financial matters

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You are responsible for paying for, or contributing towards, residential care services just as you would pay for whatever you needed if you lived elsewhere. There is a maximum amount that you will have to pay (as long as provider meets certain requirements which all providers listed in the residential...
I’m privately paying. Could I be charged different amounts at different places? I only want to pay for the basic, standard service that I believe is fine. The quick answer is no, especially if the care homes are in the same defined region. The maximum you have to pay for...
It is useful to understand that there are essentially two parts to the payment. The first is the ‘care’ component which does not vary in cost or quality, and the second is the ‘accommodation’, which is the variable part of the payment. If you have been assessed and are eligible...
The Residential Care Subsidy – in brief To be eligible for a Residential Care Subsidy (RCS) in New Zealand you must be a qualifying person or a special case. You are a qualifying person if: You are aged 65 or over and; You are eligible for publicly funded health and...
We understand, the cost for living in a residential care home does seem high, however a bit of a reality check shows that it’s not at all. The following is a comparison with someone living in a hotel and buying in home support services three times a week. No other...
A premium room is one that has features that are NOT required under the Age Related Residential Care Agreement (ARRC) (i.e., they are over and above the standard features and services). Important: Those who pay for a premium room do not get a higher standard of care than those with...
A RAD or Refundable Accommodation Deposit is an alternative to paying premium charges, and is offered by some facilities. It is a single upfront payment that is refunded in full after your room is vacated.
If you are a qualifying person, a means assessment of assets is the next step in determining whether you are eligible for a Residential Care Subsidy (RCS). Note: If you are making an application for a RCS, you must return the signed application to Work and Income within 90 days...
Everyone in a certified and contracted care home is required to pay for their accommodation and services. If you have little to no assets the government uses your NZ Super to pay for your care. If you have assets and/or income over the required thresholds, you are required to contribute/pay...
If owning your former home puts you over the Asset Threshold and your other assets are under it, you may be able to get a Res­idential Care Loan to cover your fees. Applications are considered case by case, are discretionary and must fit the scheme’s criteria. You will need to...