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. 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.
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. About 68% of NDIS participants have chosen such as plan management scheme. The second type of NDIS planning option is what you call self-managed where the NDIS participants will be the ones to directly receive the invoices and then must take care of paying 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. These plan managers also take charge in the provision of monthly statement to the participant such as the breakdown of the remaining budget totals as well as a 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. 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. To start, you can take hold of supports from providers that are not registered by NDIS. With help from NDIS plan managers, you will not use the portal of the NDIS anymore. 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.