Benefits of Using a Plan Manager to Manage Your NDIS Plan
The NDIS, (short for National Disability Insurance Scheme,) provides funding for healthcare and support services for people living with a disability in Australia. It also helps create a more inclusive society, providing financial support to help people with disabilities live their best lives.
While life with an NDIS plan can be incredibly rewarding, it also comes with a complex paperwork and administration process. For those unfamiliar with how the NDIS works or are overwhelmed by the amount of paperwork involved, appointing a plan manager can be a great option.
The best NDIS plan managers can help you make the most of your plan and help you achieve greater independence, a better quality of life, and improved wellbeing. You won’t have to worry about understanding NDIS rules and regulations—your plan manager can take care of everything for you.
In this article, we’ll look at the benefits of using a plan manager to manage your NDIS plan. But before we dive in, what are the primary strategies for managing your funds and schedule?
Let’s find out.
Four Main Strategies for Managing Your NDIS Plan
In an ideal world, everyone would be capable of taking on the responsibility of managing their NDIS funds and plan. Unfortunately, for many people living with disabilities, this task can become quite overwhelming if they are not equipped with the resources or capacity to do so independently.
This is why there are four main strategies for managing your NDIS funds and plan:
1. By working alongside the NDIA (National Disability Insurance Agency, a government organisation).
2. Management with a professional NDIA plan management company, like Plan Management People.
3. Self-management, a strategy best suited to those with the capacity and resources to take on responsibility for their own NDIS plan.
4. A combination of the above strategies, a hybrid approach best suited to complex situations.
What you choose will depend on your individual circumstances and needs. But if you’re looking for a solution that offers the best of both worlds, plan management may be the best option.
The Benefits of Using a Plan Manager
Working with a plan manager who is experienced in NDIS plans has numerous benefits. From the best value for your NDIS plan funds to increased compliance and streamlined processes, the best NDIS plan managers can help make life with an NDIS plan easier.
Let’s take a look at some of the best benefits of using a plan manager.
Expertise and Experience
Working with an experienced NDIS plan manager means that you can be sure that all the paperwork and compliance requirements are taken care of for you.
Furthermore, NDIS plan managers have years of experience in the field and can provide guidance and best practices to ensure you get the best out of your plan.
Let’s not forget that NDIS plan managers are also familiar with the best providers available, meaning that you will be able to access more in-depth and comprehensive services.
Flexibility
NDIS plans often come with rigid rules, especially when it comes to how you spend your funds.
This can become a problem if there is a sudden change in your circumstances. Like if you need more expensive services than what you’ve budgeted for, or if you need to access something that falls outside the rules of your NDIS plan.
The best NDIS plan managers can be flexible with your funds and plans, allowing you to access the best services in accordance with NDIS guidelines. As a result, you won’t have to worry about running out of funds or not having access to the services you need; they will help ensure you stay within your program’s limits and best practices.
Increased Transparency
One of the best benefits of using a plan manager is the increased transparency that comes with working with an NDIS-registered provider.
A plan manager will provide you with regular updates and reports so that you know exactly where your funds are being spent, as well as detailed information about how much of your NDIS budget remains unspent. This allows you to have a clear overview of your NDIS budget and make informed decisions about how best to use it.
Best Value for Your NDIS Plan Funds
Appointing a plan manager means that you can have peace of mind that all funds are being used appropriately, in accordance with NDIS rules and regulations. With their knowledge of best practices and providers, plan managers can also ensure that you are getting the best value for your NDIS plan funds.
Finding the Best NDIS Plan Manager
Finding the best NDIS plan manager for your needs can be a daunting task if you don’t know what to look for. We recommend doing your research, asking for references from other people with NDIS plans, and carefully considering all of your options before making a decision.
The best plan managers will be experienced in NDIS plans, certified by the NDIA, and have a proven track record in helping people to best manage their funds and services.
At The Plan Management People, we offer best-in-class NDIS plan management services. Our experienced and certified NDIS plan managers understand the complexities of NDIS plans and have a proven track record helping people to best manage their funds, access best value for their money, and navigate the NDIS system with ease.
Get in touch today to find out how we can help you get the best out of your NDIS plan.