NDIS FAQ

NDIS Plan Management Explained: 3 Ways to Manage Your Funding

NDIS Plan Management Explained: 3 Ways to Manage Your Funding

Managing your NDIS funding is all about making confident choices that support your goals and suit your lifestyle. The National Disability Insurance Scheme offers three key options for managing your NDIS funding: self-management, NDIA (or agency) management, and plan management. During your planning meeting, your Local Area Coordinator (LAC), early childhood partner, or NDIA planner will guide you through the options. The choice you make should reflect what works best for your needs and circumstances

Self-management is ideal for participants who are confident in managing finances and record-keeping on their own. NDIA-managed funding, on the other hand, is handled directly by the agency. The NDIA pays your service providers from your plan, handles bookkeeping, and gives you access to a range of NDIS-registered providers. This option suits participants who want a simpler, more structured approach with less personal administration. Then comes NDIS Plan management support that strikes the perfect balance between independence and support. With this option, a professional plan manager handles the financial side of your
NDIS plan such as processing invoices, tracking spending, providing monthly statements, and ensuring your budget is used effectively. At the same time, you retain full choice and control over your providers, including access to both registered and unregistered services. What makes plan management an effective NDIS support is that it gives you the flexibility of self-
management, without the paperwork and stress. You don’t have to worry about staying on top of every transaction or learning how to navigate complex NDIS systems. Your plan manager does all that for you, while keeping you informed and involved. Participants do not have to pay out of their pockets for plan management support as it is fully funded by the NDIS in addition to their existing supports. You simply let your Local Area Coordinator, early childhood partner, or NDIA planner know during your planning meeting that you want plan management support and it will be included in your plan.

Plan Guard Plan Mangers is a registered NDIS plan management service provider who can help you make your NDIS journey simple and stress-free. Our expert plan managers are here to help you stay in control and get the most out of your funding without the hassle of dealing with all the paperwork on your own. Contact us today to know more!

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