Loreto Home of Compassion in WAGGA WAGGA NSW

Aged Care Home Directory

Loreto Home of Compassion

Location

33 Bardia STREET WAGGA WAGGA NSW 2650

Beds: 76

Religious

Service Provider: The Mary Potter Nursing Home and The Ethel Forrest Day Care Centre Pty Ltd

Accreditation Report

Care Fee Increases
from 20 Sept 2024

From 20 September 2024, the following aged care fees will become effective:

The Basic Daily Care Fee increases to $63.57 pd (from $61.96 pd).

The Fully-Supported Asset Threshold increases to $61,500 (from $59,500).

The Non-Supported Asset Threshold increases to $206,039 (from $201,231).

The maximum Daily Accommodation Contribution (DAC) for refurbished / non-refurbished rooms will be $69.49 pd / $45.31 pd respectively.

The effective Refundable Accommodation Contribution (RAC) for a refurbished facility, above the 40 % fully supported ratio, will be $303,395 which will put pressure on persons looking for a fully supported placement, given that the average RAD is now higher than this amount.

The Maximum Permissible Interest Rate (MPIR) has been finalised for 1 October 2024, and the MPIR is 8.38% pa.

The Basic Daily Care Fee and some aged care thresholds are indexed to the Age Pension. On the 20 September 2024, the single age pension increased from $1,116.30 fn to $1,144.40 fn. This is based upon recent increases in the cost of living reflected in the Pensioner & Beneficiary Living Cost Index (PBLCI).

Learn about RAD, DAP & MPIR ...

Are you considering a placement at Loreto Home of Compassion?

Do you need to find respite or permanent placement at Loreto Home of Compassion or another aged care home in the WAGGA WAGGA area?

Reduce Your Stress

We have helped many families through this difficult time and have detailed knowledge and experience to help you with this important decision about Loreto Home of Compassion.

Don't be too hasty and make easy mistakes. Access our knowledge and experience prior to making a decision which will have a major impact on your elderly loved one.

Application, Admission Forms and Negotiating the Accommodation Fees at Loreto Home of Compassion

Providing you with unbiased advice about Loreto Home of Compassion and other aged care homes nearby to WAGGA WAGGA.

Negotiating RAD's and additional service fees to achieve the best financial arrangement for your family.

Explaining strengths and weaknesses of different homes near WAGGA WAGGA - using our proven checklist to guide your decisions.

Matching appropriate homes to your family requirements, preferences and timetable

Arranging facility tours to Loreto Home of Compassion and providing support

Completing the important Centrelink forms ie. SA457 or SA485 Asset and Income Assessment form

Accurately completing and lodging the application and admission paperwork for Loreto Home of Compassion

Be first to hear abour vacancies - prompt notification and response to current vacancies at Loreto Home of Compassion through our established and trusted relationship with admission coordinators

Provide advocacy and support during the settling-in period and after the placement has been completed

RAD to DAP Conversion

First select the RAD Amount that has been agreed to:

Agreed RAD: $

Use the slider to see how your daily accommodation payment (DAP) will change depending on the lump sum component of the RAD paid. The daily payment is based on the current maximum permissible interest rate (MPIR) of 8.38%.

Lump Sum Paid: $

DAP :$20.20 pd

Interest rate (MPIR) is: 8.38%pa
(from 1/10/2024)