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. 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. 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. For some NDIS participants, they pay their invoices first and then after that, they will be collecting their reimbursement with the use of the NDIS portal. Another option that these NIDS participants can do is to claim the invoice amount that is declared by the NDIA on their portal and after that once their funds are received, they will pay them then. 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. Your last option is a combination of all the three NDIS planning options just stated.
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. 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.
You can also expect these plan managers to be providing you with skills builder and intermediary services to support your being an NDIS participant. 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. Such plan managers again help you build up your knowledge and skills in finances and will let you consider what budgeting scenarios and options are out there for your choosing.
Hiring NDIS plan managers can benefit you in more ways than one. 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. With plan managers, you will be able to navigate the NDIS better and ensure that you will make the most of your plan. Thanks to plan managers, they will take care of your administrative tasks while still get some control and choice like self-management.