Make Life Easier as an NDIS Participant With NDIS Plan Managers
This article will focus more on NDIS plan manager, but before that, there are some things that you need to know about plan management. When it comes to NDIS participants, each will be given NDIS funds and to be able to manage them properly, NDIS planning is necessary.
The first NDIS planning option is what you call agency managed where the NDIA will not just be holding the fund but will be the one to be paying the providers using the NDIS portal. This is what most NIDS participants go for in managing their plans where about 68% of participants choose to go for. Self-managed is the second option of NDIS planning that involves being sent some invoices directly as the NDIS participant where you are kept in charge of dealing with your payments on time. These NDIS participants have the option to pay for their invoice first and then use the NDIS portal to get their claim reimbursement. Their other option requires claiming the invoice amount from the NDIA first and then paying them after the funds are received. For the third option you call plan managed, the plan will be managed accordingly by an NDIS financial intermediary. Such NDIS plan managers can either be a bookkeeper or an account that will be invoiced by the service providers. A combination of the other NDIS planning options is the last option for you.
This article will focus more on plan management and now with what you can expect from NDIS plan managers. In essence, plan management carries with it the function of being a financial intermediary. When it comes to these NDIS plan managers, do know that they pay invoices, make claims from the NDIS portal, and receive invoices from the provider directly or from the participant. The plan managers are also the ones that can give you a monthly statement of your expenditures and budget from your expenditure summary as well as a complete breakdown of the remaining budget totals that you have.
Those just mentioned above are their basic functions but these plan managers can also serve as skills builders or intermediaries to provide support to the NDIS participant. They help in establishing service agreements with your providers and in developing some self-management capabilities. Being able to explore on your many budgeting scenarios and options and in building your being financial literate are the other tasks that these plan managers do.
There are a lot of benefits to hiring NDIS plan managers. With NDIS plan managers, you can take hold of supports coming from providers that have not been registered by the NDIS. With help from NDIS plan managers, you will not use the portal of the NDIS anymore. With plan managers, you will be able to navigate the NDIS better and ensure that you will make the most of your plan. Thanks to plan managers, they will take care of your administrative tasks while still get some control and choice like self-management.