Do you need the service of a plan manager?
If you want to avoid the hassle in doing all the paperwork regarding the financing of your NDIS plan, then you should consider a plan manager.
You will not be spending any out-of-pocket costs if you have a plan manager and you will also be granted access to better supports and services if you avail this option.
You should know how you can avail a plan management for your NDIS plan. NDIS financial intermediary will be the one managing the 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. Getting to know how your funds will be managed is really important in regards to getting the most out of the allocated fundings and accessing the supports with very less hassle. Even if the NDIS plan would require a lot of commitment and administration from your part, you should see to it that you provide those in order for the plan to work properly and help you achieve all your goals, remove barriers to participation, and enhance your life.
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 organization that is providing services must meet the criteria and must be among the list of registered service providers by the agency.
The other option is self management - this means that you are responsible in paying the service provider who provided you with the services under your NDIS plan. Even if this option can give you better flexibility when it comes to the choice of service provider, this will also be a bigger commitment given that you will be doing all the necessary paperwork, spending time and effort in managing the budget and keep the payment updated. This will mean that you will pay for the services that you got and get the reimbursement later on which can be quite hard.
The other option that you can choose from is a combination of all the great aspects from the agency managed and self managed funding options, the plan management, in which you are entitled to pay for a plan manager to make your life easier since you are a participant of an NDIS plan.