What is the difference between self-managed and plan-managed NDIS funding?

What is the difference between self-managed and plan-managed NDIS funding?
May 1, 2019 Bespoke Lifestyles

Choosing the right way to manage your NDIS fund can be stressful and worrying. At Bespoke Lifestyles, we are committed to helping you in any way we can; with whatever decision you make. No NDIS management plan is free from headaches, but choosing Bespoke Lifestyles as your self-management advisor or plan manager will mean that we are the ones who deal with the nitty gritty, not you.

What is a self-managed fund?

Bespoke Lifestyles

Self-management of your NDIS fund is when you are responsible for your fund. You are awarded the flexibility and choice to decide what you buy, how your plan is met and where your funding is spent. Being a self-manager of your NDIS fund allows you to think creatively about how you want to use your funds to meet your needs best. Bespoke Lifestyles is well versed on exactly what it takes to self-manage a fund. We offer training workshops, one-on-one consultancy, advice and support, from our team of passionate, experienced specialist consultants. We have a plethora of online resources, which are all designed to make your life easier, while you self-manage your NDIS fund.

What is a plan-managed fund?

Plan management represents the middle ground between self-managed funds and agency-managed. Plan management still allows the client to have full control and choice over which providers they want to use, as well as allowing users to choose between NDIS registered providers and non-providers. All of the complicated paperwork is handled by the plan manager, including invoicing, claims from NDIS Portal, paying invoices, summaries of expenditures and breakdowns of budget totals that remain. Bespoke Lifestyles are committed to ensuring that our clients can negotiate pricing to spend less than they would if they were using the NDIA.

What’s right for you?

The plan that you choose will decide upon what level of capability you have and the level control you wish to have over your NDIS funding. Bespoke Lifestyles’ FAQ is a helpful portal to make the final decisions about which management style is right for you. Both self and plan-managed funds have their benefits when being compared to each other, it all depends on you! If you’re still unsure about which plan you should choose, we would be more than happy to talk with you.

We make your life easier!

We are sincerely committed to supporting people with disability, together with their advocates, so they’re able to manage their own supports and have control over their own lives. Bespoke Lifestyles believe that people with disabilities and their families should have the freedom to make their own choices and be in control in all decision making aspects of their own lives. Contact us today to further discuss how we can help you take control!

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