Before you will learn more about NDIS plan managers as what the title promises, you have to know what plan management is. When it comes to NDIS participants, each will be given NDIS funds and to be able to manage them properly, NDIS planning is necessary.
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 eventually the most common NIDS plan management choice participants have made, about 68% of them. 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. 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. 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 option is the plan managed where a NDIS financial intermediary will be the one managing the plan. Usually, bookkeepers and accountants take the role of NDIS plan manager where they are the ones being invoiced by the providers. And your last NDIS planning option will be to combine the three other NDIS planning options.
This article will focus more on plan management and now with what you can expect from NDIS plan managers. Plan management is basically a function of financial intermediary. Basically, these NDIS plan managers take charge in paying invoices, receiving invoices via the participant and directly from the provider, and claiming from the NDIS portal. 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. As NDIS plan managers, they must be able to make service agreements with your providers and must help in developing capabilities of self-management. 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.
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. 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.
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