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.
You call the first NDIS planning option as agency managed where only the NDIA will be paying the providers and will be taking care of your funds. About 68% of NDIS participants have chosen such as plan management scheme. You call the second NDIS planning option as self-managed where you are the one getting the invoices as the NDIS participant and is in charge of paying on time. Such NDIS participants may opt to secure their invoices first and then later on get their reimbursement from the NDIS portal. Their other option requires claiming the invoice amount from the NDIA first and then paying them after the funds are received. The third plan management option is that you call plan managed where the plan will be managed by a NDIS financial intermediary. These NDIS plan managers will receive invoices from the providers and could eb bookkeepers or accountants. And your last NDIS planning option will be to combine the three other NDIS planning options.
This article will focus more on plan management and now with what you can expect from NDIS plan managers. A plan management actually serves as 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. Such plan managers are also capable of giving you as the NDIS participant a monthly statement that will include a breakdown your remaining budget totals as well as a complete summary of your expenditure.
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.
You can get a whole lot of benefits when you take advantage of NDIS plan managers. With NDIS plan managers, you can take hold of supports coming from providers that have not been registered by the NDIS. You need not utilize the NDIS portal with NDIS plan managers. By hiring plan managers, the NDIS can be navigated by you better and you can make the most benefit from your plan. With plan management, you get both control and choice like self-management but free from the administrative roles.
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