Make Life Easier as an NDIS Participant With NDIS Plan Managers
Before you will learn more about NDIS plan managers as what the title promises, you have to know what plan management is. Basically, if you are an NDIS participant, you will be choosing between four options of NDIS planningfor your NDIS funds.
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 eventually the most common NIDS plan management choice participants have made, about 68% of them. 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. 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 plan management option is that you call plan managed where the plan will be managed by a 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. A plan management actually serves as a financial intermediary. The basic function of an NDIS plan manager includes claiming from the NDIS portal, receiving invoices from the participant or from the provider directly, and in paying invoices. 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. 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. One benefit of NDIS plan managers is their allowing you to get supports from providers that are not 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. 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.