Calvary Retirement Communities

Calvary Retirement Community Cessnock - Fees and charges

Accommodation Bond - Bimbadeen Hostel, Low Care Only

Entry to the Low Care Hostel (Bimbadeen) 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 7.30% per annum.

Retention amount: $299.00 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 Sept 2009 as per the Commonwealth Department of Health and Ageing)

Maximum Basic Daily Care Fee:

Standard Resident contribution - up to $36.94 per day

Protected Resident contribution - up to $33.74 per day

Phased Resident contribution - up to $33.74 per day

Non-standard resident contribution - up to $42.02 per day

For further information regarding the Daily Care Fee, please contact either the Department of Health And Ageing on 1800 500 853 or the Calvary Care Placement Manager on 4993.9124

Maximum Daily Income Tested Fee:

Up to $59.38 per day

Maximum Accommodation Charge

Information regarding the maximum accommodation charge payable can be obtained by contacting the Department of Health And Ageing on 1800 500 853

Please note, fees and charges are determined by the Commonwealth Department of Health and Ageing and are altered every 6 monthls.

Income tested fees are assessed by Centrelink.

_{September 2009}