If you just received approval for a NDIS plan, you may have seen that you must choose how you want to manage the funds in your plan. It can be difficult to choose the best solution for you when there are several possibilities accessible.
Regardless of your familiarity with the NDIS, maintaining your plan money can be difficult and time-consuming. Making a request for the NDIS plan management choice is one approach to counteract this. NDIS plan will enable you to concentrate on living your life while an impartial third party handles every aspect of plan administration for you, maintaining your independence and freedom.
Here, we have listed the top reasons why many people opt for this method of managing their NDIS finances in order to assist you in recognising some of the many advantages of plan management and getting the best NDIS experiences.
Save You Time
The time you save by not performing all of your operations is one of the main benefits of a plan-managed NDIS as opposed to a self-managed NDIS. In order to self-manage your plan, you must keep a record of all supplier invoices, pay them in full, bargain prices with service providers, monitor your finances, and create a budget to prevent spending too much or too little.
A NDIS plan manager can assist you by doing the following tasks:
- Controlling your spending and informing you of any low or unused cash.
- Managing all record-keeping and bill-paying on your behalf.
- Giving you customised guidance on how to spend your funds to get the most out of the services.
- Communicating on your behalf with service providers and negotiating lower prices.
- Equipping you with evaluations of NDIS plans.
- Guiding you through the NDIS in easily understandable terms.
- You have more time to enjoy life and make progress towards your objectives when you don’t have to deal with all that challenging, continuing administration.
Freedom and Control
You can choose to engage with any source you like if you select NDIS plan management since you will have a connection to both registered and unregistered providers. Selecting a NDIS plan also gives you the option to continue directing how your money is used. With the flexibility provided by the NDIS plan, you can decide to handle some components of your plan yourself and some areas with the help of your plan manager.
Maximise Your Budget
Your NDIS money is particular to you and has been allotted to aid in your goal-achieving. Therefore, controlling your NDIS funds is a crucial component of achieving your objectives. With the NDIS plan, you may budget efficiently to prevent overspending or underspending and make the most of your resources by allocating them to the supports that are most suitable for you.
When you collaborate with a NDIS plan manager, you can concentrate on accomplishing your goals while we handle your budget, offer professional advice, and pay all of your service provider’s invoices.
Access to Tailored Assistance
The best NDIS plan choice is one that gives you access to knowledgeable support staff who are familiar with the NDIS’s operations and who can collaborate with you to provide individualised recommendations to further your objectives. Disability Plan Services takes the time to get to know you and learn about your needs and wants, so you can trust that we always have your best interests in mind.
Plan managers go further than usual to assist and enable the best support for you and to provide the best NDIS experiences and tailored guidance that meets your specific requirements and goals, in addition to helping with administrative tasks like maintaining your budget.
Streamline the Claim Processing
It can be difficult to submit and manage claims under the NDIS. It needs knowledge of intricate protocols, and navigating the submission page is challenging. Furthermore, there can be some ambiguity regarding what is and isn’t covered, so it’s essential to have your papers organised for rapid processing.
Professional plan managers are familiar with the details of your unique plans, comprehend the documentation requirements, and know how to move claims through the system swiftly. When dealing with a plan manager, payments frequently arrive within days of invoice.
If the costs you are racking up aren’t eligible for reimbursement, a plan manager can help make sure they are and suggest alternatives if they are. It’s crucial to comprehend your NDIS funding in full because expenses might quickly mount up. They are also well-versed in the NDIS alternatives offered to people with disabilities.
Helps in Organisation
Your Plan Manager is in charge of keeping all the records, and they will send you monthly statements so you can see how your money is being used. When the time comes for your plan review, you’ll be better prepared, thanks to this. You or your representative can access the portal at any time and from any location to view real-time budgeting data, authorise payments, and monitor the status of invoices.
What Is Included in a NDIS Plan
Each NDIS plan is unique. A copy of your plan will have been mailed to you or be available on the NDIA’s portal. You will find several significant pieces of information on the first page of your plan, including:
- NDIS number
- National number
- The start and end dates of your plan
- Details from your Local Area Coordinator or the office nearest you of the Disability Insurance Agency