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How can residents choose to pay for their accommodation?

New residents will have the choice to pay for their accommodation either as a refundable deposit (a lump sum, also known as a refundable accommodation deposit or ‘RAD’), an equivalent daily payment (a periodic payment, also known as a ‘daily accommodation payment’ or ‘DAP’) or a combination of both.

A new resident will have up to 28 days from entering care to choose whether to pay the agreed accommodation price by a refundable deposit or daily payment or some combination of both. The daily payment is paid unless and until a refundable deposit is paid. Daily payments must not be required more than one month in advance. 

Daily payments can be paid by the resident or drawn down from a refundable deposit the resident has paid to the provider, if the resident has elected to pay a combination of a refundable deposit and a daily payment.

on 12/04/2014 by Super User
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