NDIS plan management can be a hot topic, someone’s quality of life is on the line after all. It’s not surprising, therefore, that we often get a whole host of questions regarding plan management and the best way to go about things. That’s why today we’re answering five of the most common questions that we receive.
At its most basic level, plan management simply refers to the allocation of funds from an NDIS account to services that benefit the end user. The term is most commonly used to refer to having a third party look after these allocations, so that is the definition we will be using for the purpose of this article.
NDIS funding recipients are allocated specific funds each year to be used for plan management services. This means that in terms of out of pocket costs, or impact on funds for other areas, these services are essentially free for the user.
The short answer to this question is no. In circumstances where the NDIS allocates all of your funds, your options will be limited to non-existent when it comes to selecting services and providers. Bringing in a professional to assist with your plan management, however, simply means that you will have expert guidance on how to spend your funds in a way that provides the most benefit. While whoever is assisting may take care of the actual allocation, you will still have as much input as you choose to.
What Are The Benefits Of Plan Management?
As noted above, enlisting the services of a professional to assist in the allocation of your funds helps you get the best value for money. It can also help ensure that your expenses are claimable and could lead you to services that you may not have considered but could actually be quite useful.
Because your funds are usually kept with the NDIA until it is time for payment to be made, claiming for each separate service can be quite time consuming and leaves you open to making mistakes. By enlisting the help of a professional, however, you streamline this process and greatly reduce the chance of errors. You also protect yourself from liability in case of any errors as it would be taken up with your support person rather than yourself.
When you have complex care needs and multiple providers to filter through, it can be easy to lose track of your budget and simply take rates at face value. Having the assistance of a professional will be invaluable in this aspect as they will be able to help you stay on top of your budget and may even have increased negotiating power if they often refer clients to a provider who suits your needs.
If you’re the type of person who hates paperwork this may be the biggest benefit of all in your opinion as employing the services of a professional to take care of your funds means saying goodbye to dealing with documents. Think of them as your middle man and highly skilled assistant all in one, in other words, they could well be your greatest asset in navigating the allocation of your funds.
While the choice is completely up to you, we strongly suggest seeking the assistance of a professional if you’re not 100% sure where to place your funds in order to reap the maximum benefits. Keeping your finding organised and working well for you can greatly improve your quality of life and plan management services are an excellent source of assistance in this area.