Calvary Retirement Communities

Calvary Retirement Community Cessnock - Fees and charges
Low care accommodation - Bimbadeen Hostel

Accommodation Bond - Low Care Only

Entry to the Low Care Hostel is generally by way of an accommodation bond (“Bond”). The current indicative average bond amount is from $242,000.00 onwards.

The Bond can be paid in a number of ways:

1) lump sum on date of entry or within 6 months of date of entry;

2) periodic payment (fortnightly or monthly); or

3) combination of lump sum and periodic payment.

Deferred lump sum payments and periodic payments attract a daily interest charge which is determined by the Australian Government Department of Health and Ageing.

The current rate for residents entering care is 11.31% per annum.

Retention amount: $292.00 per month (up to 5 years)

This amount is fixed at the rate applying at your date of entry and is deducted from your accommodation bond. The balance of the bond is refunded to you or your estate when you leave.

Fees - high care & low care: (valid from September 2008 as per Dept. of Health and Ageing)

Daily care fee: $32.95 per day (non-pensioner)

$32.95 per day (pensioner)

Daily income tested fee: Up to $58.15 per day (non-pensioner)

Up to $25.35 per day (part pensioner)

Nil (full pensioner)

Income tested fees are assessed by Centrelink.

_{September 2008}