The Basics of 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.
When it comes to agency managed NDIS planning, form the NDIS portal, it will be the NDIA that will be responsible in paying the provider and in 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. You call the second NDIS planning option as self-managed where you are the one getting the invoices as the NDIS participant and is in charge of paying on time. Such NDIS participants may opt to secure their invoices first and then later on get their reimbursement from the NDIS portal. Their other option requires claiming the invoice amount from the NDIA first and then paying them after the funds are received. The third option is the plan managed where a NDIS financial intermediary will be the one managing the plan. 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. 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. 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.
You can also expect these plan managers to be providing you with skills builder and intermediary services to support your being an 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. These plan managers even make sure to make your financial literate and will explore what your various budgeting scenarios and options are.
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. With plan managers, you will be able to navigate the NDIS better and ensure that you will make the most of your plan. With plan management, you get both control and choice like self-management but free from the administrative roles.