How will you know if you are in need of a plan manager?
A plan manager can provide you with assistance on all your financial tasks regarding your NDIS plan in order for you to avoid the stress of doing all the paperwork yourself.
Having a plan manager will not give you any out-of-pocket costs, you will even be given access to great supports and services if you choose this option.
You should know how you can avail a plan management for your NDIS plan.
If ever you choose to have a registered third party be managing your NDIS plan, all you have to do is to request this during your meeting with the NDIS planning agency or during the term in which your plan is in effect.
How will you benefit from plan management?
You should know that the NDIS is still on the verge of increasing the size of coverage for all Australians that are disabled and among the decisions that these people will make during the process is how will their funding be managed.
Having the funding approved is just the first step in a very long procedure that can be very overwhelming in some cases. That is why it is important for you to know what is best when it comes to the management of your funds because it is really essential in having the most of the funds that are approved and accessing the supports. You should see to it that your NDIS plan is working properly in order for you to have a better life, achieve all your goals, and remove the barriers to participation so consider giving it extra commitments and administration.
Agency managed funding is the default option that will be offered to all the participants of the NDIS plan. This would mean that the agency will be responsible in paying the organizations and people that will provide the participants with services. And all of the service providers must be on the list of approved and registered providers by the agency.
Self management is the other option that you can choose – which means that you will be responsible in paying the organizations for the services that they provide you under your NDIS plan. Even if this can be a more flexible option since you can have a wider choice of service providers, this can also be a bigger commitment on your part since you will be doing all the paperwork, you will also need to exert more time and effort in managing the budget, as well as keeping the payments up to date. This will mean that you will pay for the services that you got and get the reimbursement later on which can be quite hard.
Another option that you can choose is the plan management which will combine all of the great aspects of agency management and self management and as a participant of an NDIS plan, you have the right to look for a plan manager in order to make it easier for you.