Make Life Easier as an NDIS Participant With NDIS Plan Managers
Knowing what your plan management options are is essential to knowing the value of NDIS plan managers. NDIS planning is important for NDIS participants when it comes to their NDIS funds and they could choose one of the four options that are given to them.
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 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. These NDIS plan managers will receive invoices from the providers and could eb bookkeepers or accountants. A combination of the other NDIS planning options is the last option for you.
Here you will learn more about plan management and what roles these NDIS plan managers are taking. Plan management is basically a function of financial intermediary. Basically, these NDIS plan managers take charge in paying invoices, receiving invoices via the participant and directly from the provider, and claiming from the NDIS portal. 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. As NDIS plan managers, they must be able to make service agreements with your providers and must help in developing capabilities of self-management. 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. To start, you can take hold of supports from providers that are not registered by NDIS. No need to use the NDIS portal if you have an NDIS plan manager with you. Making the most benefit from your plan and navigating the NDIS are both made possible with reliable plan managers. Thanks to plan managers, they will take care of your administrative tasks while still get some control and choice like self-management.