September 2, 2020
Because everyone is different with unique goals, it can be difficult to know which NDIS funding management option is best for you. What might work for your friend or family member may not necessarily be the best option for you.
When we talk about the best NDIS plan management option, we are talking about the four options you have to choose between when deciding how you’d like to handle the administration of your NDIS funding. If you aren’t familiar with the options, they are:
Generally, when you first enter the NDIS, the default option for funding management that you may be assigned is to be agency-managed by the NDIA. This option comes with some restrictions such as only being able to receive supports from the NDIA’s list of registered providers. Not only does this mean their pricing is set and can’t be changed, but it could also mean that if you already have a service provider who you like but they aren’t NDIA approved, you won’t be able to continue working with them using your NDIS funding.
Everybody is entitled to access any of the above mentioned plan management options, however, to access a plan manager through a plan management agency, such as Disability Plan Services, you need to request funding for this at your plan review. For assistance requesting funding for plan management, get in contact with our team.
The best option for you comes down to what works best for your circumstances. There are many things to consider when deciding how you’d like to manage your funds. If you like the idea of taking control of your own NDIS plan and want to self-manage your funds but your disability means this isn’t an option for you then choosing the plan-managed model can be a great alternative!
Knowing how to pick the most suitable option goes hand-in-hand with knowing what your goals are and how you would like to achieve them. Each option comes with its own benefits and advantages that you need to weigh up against each other to decide which one will satisfy your requirements.
For example, choosing to use a plan manager might be the best NDIS plan management option for you if you:
If you decide that working with a plan manager might be the best option for you, and you obtain funding within your plan, the next step is to find a plan manager that is also the right fit. We recommend finding someone local if possible so you so that you can easily meet with them in person. It’s also important that you feel respected and understood by your plan manager, so feel free to ask them plenty of questions and get to know them too!
At Disability Plan Services, our experienced team provides NDIS plan management services based out of our South East Queensland offices in Toowoomba and Capalaba. For more information or to get in touch, complete the contact form below.
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