Are you wondering what NDIS is and how it helps you in your day-to-day life? NDIS, or the National Disability Insurance Scheme, provides support for Australian citizens with a disability. NDIS Plan Management Gold Coast helps its participants by maximising their plans and saving their time by dealing with providers, managing budgets, paying invoices, and providing them with exclusive guidance. But how can you benefit from NDIS Plan management? Read on to find out!
What is NDIS Plan Management?
The NDIS uses plan management to help participants take control of their funding and manage their support in a way that suits them best. There are two types of plan management: agency-managed plans and self-managed plans. While agency-managed plans are governed by the National Disability Insurance Agency (NDIA) on behalf of the participant, self-managed plans give participants more control over how they spend their funding.
As previously discussed, agency-managed plans allow the NDIA to manage a participant’s budget on their behalf. Implying when a participant receives an approved plan from the NDIA, they can purchase support from registered providers directly through the scheme. The providers then submit invoices to the NDIA for payment. The NDIA also manages any additional funding that may be required as part of a participant’s plan.
With self-management, participants have full control over their funding and how they spend it. They can choose to employ someone to provide support services or purchase goods and services directly from registered providers using their funds.
Self-managing also lets participants access surplus funds when needed. Such funds include capital works or aids and equipment grants, top-up payments for services not covered by the NDIS, and much more. Self-managing participants require keeping track of all expenses associated with their support services. They are also responsible for providing evidence to prove that these expenses were essential and reasonable to receive reimbursement from the scheme.
What are the Benefits of Plan Management?
NDIS Plan management provides numerous benefits for participants, including greater autonomy, control over fund usage, flexibility, choice, etc. It also enables people to make the right choices about the types of available support that they can opt for. With NDIS, people can access quality services at the best competitive rates from registered providers at their location or online.
1. Provider Choices
If you choose a professional plan manager, you will be offered the same level of autonomy concerning your provider choice as a self-managing participant. The freedom to choose your provider is crucial, as many people and families work with providers they can trust and have previously known. Therefore, with NDIS, you will not be limited to the choices of NDIS-registered providers and can choose the best options as per your needs. By choosing the best plan managers, you get assistance and security in paying the NDIS price guide limits, as the plan managers ensure that you pay nothing more than required.
2. Claim Process Streamlined
The process of submitting and related claim procedures under the NDIS could be a dreadful task as they require an overall understanding of various complex codes, difficult navigation in the submission portal, and much more. They have a degree of uncertainty regarding what is or isn’t covered, and one may need to be fully prepped with their paperwork for the prompt processing of the claim.
However, a professional plan manager who is knowledgeable, experienced and well aware of the details of the claim procedure can greatly help NDIS participants. They are more clear about the inclusions of specific plans, better understand the paperwork needed, and know faster ways to shuttle claims through the system. With their assistance, you may receive your payments within a few days.
3. Expense Planning and Allocation
Did you know that expense planning and budget allocation are crucial parts of managing NDIS funds? In NDIS plan management, keeping track of your spending is vital as your providers set limits to your spending via service agreements. If participants are not careful in their spending, they could run out of funds. In such scenarios, plan managers are of great assistance as they assist you in managing and tracking the budget carefully.
Plan management is an important tool offered by the National Disability Insurance Scheme (NDIS). It offers people with disabilities greater flexibility, autonomy and choice of usage of their funds while continuing to receive quality services at competitive rates. NDIS participants can either engage with the agency or self-managed plans to ensure maximum value from their NDIS-funded package. They must ensure to choose the best plan managers to get all the support they need. So do not wait any longer and connect with your NDIS plan manager today!