NDIS funding is financial support the Australian government provides to people with disabilities. It helps cover the costs of disability-related services and supports, enabling participants to achieve their goals and improve their quality of life. Managing and monitoring
your NDIS funding can feel complex at first but with the right information and resources, it can be a smooth process.
How do I manage my NDIS funding?
There are three main ways to manage your NDIS funding:
Self-management: You have complete control over your funding and choose who provides your supports. This requires keeping good records and managing your budget.
Plan management: A plan manager helps you manage your funding, such as paying providers and keeping track of your budget.
NDIA-managed: The National Disability Insurance Agency (NDIA) pays providers directly on your behalf. You cannot use the services of unregistered providers in this case.
Is Plan Management right for me?
Plan management is ideal if managing finances is overwhelming or time-consuming. It offers reduced workload, financial expertise, and wider provider choice and doesn’t cost you any out-of-pocket expenses. Consider plan management if you value expert handling of
the financial aspects of your NDIS plan.
How do I get a Plan Manager?
To get a Plan Manager, you need to request plan management support during your NDIS planning meeting. If approved, the NDIA will include funding for plan management in your NDIS plan.
Can I change my Plan Manager?
Yes, you can change your Plan Manager at any time. You need to notify your current Plan Manager and the NDIA. Your new Plan Manager will then take over the management of your funds.
Choosing Plan Management support can make a significant difference in maximising the benefits of your NDIS funding. Plan Guard Plan Managers is a registered NDIS plan management service provider who can help you have a stress-free NDIS experience. Contact us today to know more.
