Financial
Accommodation Cost
There is a set cost determined by the Ministry of Health. All residents are expected to pay the maximum basic rate. Rates normally are adjusted on July 1st of each year based on Ministry direction but may change at any time subject to such direction. Rates at July 1, 2009 for accommodation are set out below:
Accommodation Rates (click room-name to view floorplan):
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Room Type |
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Cost / Month |
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Cost / Day |
|
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$2,161.71 |
|
$71.07 |
|
|
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$1,857.55 |
|
$61.07 |
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2 - Bed Ward Basic Rate Range: |
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Maximum |
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$1,614.21 |
|
$53.07 |
|
Minimum |
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$1,050.29 |
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$34.53 |
Lack of funds will never prevent a person from being admitted to the Davey Home. Based upon completion of a Rate Reduction Application, Government funds are made available to pay for the portion of the cost that the resident cannot pay. This application is completed by the Business Office upon your request. If you are requesting a rate reduction, you will need to provide the Davey Home with your previous years Notice of Assessment from Revenue Canada (Income Tax Summary). Completion of this application must be repeated each year.
Payment Options
The resident may choose to have all income cheques addressed to the Home. Upon receipt of the cheques the monthly accommodation costs are paid and the balance of the funds are deposited in a personal trust account to be used by the resident to offset expenditures for personal items and for pocket money. All funds are deposited at a chartered bank and receive the current rate of interest which is applied to each resident’s account on a monthly basis.
When a resident leaves the Home the balance of these funds are returned to him/her. If a resident dies the funds are paid to the estate.
Option 2:
The resident or authorized representative may decide to accept responsibility for the amount of maintenance. A monthly invoice will be issued for maintenance costs. Payment may be made at the Reception Desk weekdays between 12:00p.m and 4:00p.m, by mail or by deposit in the drop box provided.
Option 3
The resident or authorized representative may choose automatic bank withdrawal to cover the monthly maintenance costs. Withdrawals are processed on the last day of each month.
FINAL BILLING: When a resident leaves the Home or passes away the final billing will be forwarded to the authorized representative in approximately 4 to 6 weeks.





