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. Basically, if you are an NDIS participant, you will be choosing between four options of NDIS planningfor your NDIS funds.
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. This is eventually the most common NIDS plan management choice participants have made, about 68{890298a957967c63b4b61a1013456c80f9c1c209c7ed277ca0a53fd14e8e170d} of them. 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. For some NDIS participants, they choose to get their invoice amount first from the portal of the NDIA, and after that will proceed in paying the funds after receipt. The third option is the plan managed where a NDIS financial intermediary will be the one managing the plan. Usually, bookkeepers and accountants take the role of NDIS plan manager where they are the ones being invoiced by the providers. And your last NDIS planning option will be to combine the three other NDIS planning options.
Here you will learn more about plan management and what roles these NDIS plan managers are taking. 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. 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.
As an NDIS participant, you will be supported by them through acts that will let you become their intermediary and be able to build on your skills. These NDIS plan managers are capable of developing your self-management capabilities as well as in being able to establish some service agreements with your providers. 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. By hiring plan managers, the NDIS can be navigated by you better and you can make the most benefit from your plan. By doing plan management, you get the benefit of having control and choice while making sure to leave your administrative burden to your plan managers.