Our guide to NDIS Management options. During your Pre-Planning Meeting (or review) – your Local Area Coordinator will explain the three Plan Management Options;
Each Management option, has its own benefits, and its limitations or responsibilities. Your Local Area Coordinator, should explain these in detail during your Pre-Planning and Implementation Meetings. Deciding which Plan Management option best suits you can be difficult, but having the right information to help you understand is vital.
Agency managed (or NDIA Managed), option allows you to start your plan, with the NDIA dealing with your registered Providers directly. The Registered Provider will bill the NDIA directly, with minimal input from yourself. However the major draw back is, you can only engage Registered Providers. Which limits your support options to a very small part of a very large market.
Self Managed gives you total flexibility with your plan, it is the ultimate goal of the NDIA to enable its participants to Self Manage their own plans. Benefits include; You can engage registered and unregistered Providers, negotiate pricing and maximise the efficiency of your funds. However Self Managing requires responsibility and an astute sense of financial planning. You also may need to be financially capable for paying invoices out of pocket and claiming the expenses from the NDIA. This can be a significant financial burden for some.
Plan Managed means that a third party Registered Provider – like South East Care, handles your financial accounts, paying your Registered and Unregistered Providers, paying invoices, keeping regular accounts of your Plan and ensuring strong filing history. Plan Management gives you most of the flexibility of a Self Managed plan without the financial (paying up front) or compliance (documentation for Auditing) burdens.
There is no ‘one size fits all’ answer. Each participant will have a different best option based on their individual skills and abilities. The NDIS sees Self-Management as the ultimate goal for participants, however not everyone has the ability, time, capacity or knowledge to be able to use an online government interface, manage their own budgets and organising their own supports. There is also the burden of having to pay invoices upfront and having to keep detailed financial records for a number of years. Agency managed has its obvious barriers, being that you can only engage registered providers. The lack of flexibility means that if you find a provider that you know, like and charges less, If they are not registered, you cannot access their support. Plan Management gives you most of the flexibility of a Self Managed plan without the financial (paying up front) or compliance (documentation for Auditing) burdens.
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Introduction Leading Text. to choose from when it comes to managing your NDIS funds depe Read more20
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