July 4, 2022
Have you heard of an NDIS Account Manager? How about an NDIS Accountant? There’s different names for products, providers and services that you might not be aware of. In this blog, we break down some of the definitions of these titles to avoid any confusion.
What is an NDIS Account Manager?
An ‘NDIS Account Manager’, is just another title for the role of an NDIS Plan Manager.
An Account Manager (or Plan Manager, depending on which term you’re more comfortable using) exists to give you complete choice and control over how your funding is managed, while also handling all of the time-consuming paperwork that goes along with it. As an NDIS participant, you have three options when it comes to your plan.
– you can be your own Account Manager, meaning you self-manage your plan,
– you can choose for your budget to be agency managed by the National Disability Insurance Agency (NDIA), or
– you can choose to work with an NDIS registered, independent plan manager like Disability Plan Services.
We have plenty of articles and resources on what each of these options entail and the pros and cons of each option, but for those new to the world of NDIS, here’s a quick breakdown of the difference between plans that are NDIA-managed/agency-managed, self-managed, or managed by a plan management provider like Disability Plan Services.
Managed by Disability Plan Services
To learn more about Disability Plan Services’ team of trusty NDIS Account Managers / Plan Managers, click here.
What is an NDIS Accountant?
If you’ve never heard of an NDIS Accountant, don’t stress – like the term ‘NDIS Account Manager’, it’s just another name for a Plan Manager. While a plan manager is not an actual accountant, their financial services are akin to having your own personal accounting resource. By receiving all your invoices, paying providers on your behalf, keeping track of your budget helping you prepare for plan reviews, it’s easy to see why some people call plan managers ‘accountants’ instead!
Now that we know what some of these key terms mean, let’s debunk some other confusing NDIS terminology!
What’s the difference between the NDIS and the NDIA?
This is a question we’re often asked at Disability Plan Services. The NDIS stands for National Disability Insurance Scheme and is the legislation that was passed by the government to support Australians with a disability.
On the other hand, the NDIA is the National Disability Agency, and is the governing organisation which oversees the NDIS.
An NDIS plan review is your opportunity to meet with the NDIA to discuss how you are progressing towards your goals and make any changes necessary to your disability support services and funding. This meeting usually happens every 12 months, and your plan manager will help you prepare for it to ensure you can communicate clearly what’s working well, and what might need to change.
Meetings with your plan manager are more about the day-to-day aspects of your plan, rather than the bigger picture. However, your plan manager will be able to help you prepare for any upcoming plan review you have scheduled.
When you choose Disability Plan Services to manage your plan, there’s no need to be confused by some of the jargon associated with the NDIS. Our friendly team of plan managers is here to communicate everything in easy-to-understand language and organise your NDIS plan – giving you more time to enjoy the things you love doing! When you utilise our plan management services, we ensure you’re using your preferred providers and are getting the most out of your NDIS plan. To learn more about our plan management services, contact us today!
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