Once you’ve been assessed as needing care, the next step is to understand how the costs are structured. This is broken down into two costs:
1. The care fee
This covers the cost of your daily clinical nursing care. The care fee is set in reference to the current government resthome fee. This cost will vary according to the level of care you require – resthome, hospital, specialist dementia, or respite care.
2. The accommodation premium
This covers the cost of your accommodation, including your private room and ensuite. Private care rooms at Ryman villages are superior to the government (DHB) standard service specification – rooms are spacious and include a private ensuite.* Due to this, we charge an accommodation premium. The cost of the accommodation premium can vary depending on the type of room you choose. You have a choice in how you pay for it.
*Some rooms at Rowena Jackson and Princess Alexandra villages vary.
You can choose to pay the accommodation premium for the length of your stay.
Please note, while you are reviewing the payment options and have already moved into your care room, the accommodation premium is charged as the default payment. If you choose to pay by refundable accommodation deposit, the full accommodation premium will continue until the refundable accommodation deposit has been paid and legal documentation is returned.
DEFAULT EXAMPLE
Refundable accommodation deposit $0
Weekly accommodation premium $350
Cost when you pay by an accommodation premium after one year:
Accommodation premium $18,200
($350 x 52 weeks)
The refundable accommodation deposit is a single upfront payment that you can choose to pay when you enter your care room. If you choose this payment option, our normal accommodation premium will not apply.
In addition to this, your upfront refundable accommodation deposit will be repaid in full no later than 30 working days after you vacate your care room. Or, from when you give notice to cancel the refundable accommodation deposit. This means you will pay lower overall fees with the refundable accommodation deposit payment option.
RAD EXAMPLE
Refundable accommodation deposit $350,000
Weekly accommodation premium $0
Cost when you pay by an accommodation premium after one year:
Accommodation premium $0
($0 x 52 weeks)
Yearly saving compared to paying an accommodation premium: $18,200*
You can pay 50% of the refundable accommodation deposit up front and pay 50% of the accommodation premium for the length of your stay.
COMBINATION EXAMPLE
Refundable accommodation deposit $175,000
Weekly accommodation premium $175
Cost when you pay by an accommodation premium after one year:
Accommodation premium $9,100
($175 x 52 weeks)
Yearly saving compared to paying an accommodation premium: $9,100*
The figures used in the above scenarios are examples only. Your accommodation premium and refundable accommodation deposit will vary dependent on the care room you choose. Your village manager will be happy to discuss this further with you.
* Savings will differ dependent on the care room and village you choose.
We appreciate that moving into care can be a stressful time, with arrangements often being made within a short timeframe. While you and your family are adjusting to your new lifestyle, we want to give you as much time as possible to decide on a payment option.
Please note, when you enter your care room, the default payment option will be the accommodation premium.
However, the offer of paying by a refundable accommodation deposit or combination is available to you for the length of your stay. Please talk to us at any time about your payment options.
Phone: 0800 588 222
Christchurch office: 03 366 4069
PO Box 771, Christchurch 8140, New Zealand
