So you’re thinking about plan management for your NDIS fund, but you have absolutely no idea what it is or how it differs from agency-management or self-management? In this article, we take a look at the plan management and why it could be the right fit for you.
Plan management of your NDIS is often the preferred method for individuals who are looking to have near complete control over their NDIS funding without the stress of paying invoices and keeping track of financial reporting. While you will still be able to choose your NDIS providers and how your funding is spent, your registered plan manager will help you keep track of your funds and pay providers on your behalf.
Should you choose plan management?
There are numerous benefits to having a plan-managed fund compared to an agency or self-managed fund. Some of these benefits include the ability to have full control and choice over the providers you use. This is often not the case with agency-managed funds. By plan-managing your NDIS funding, you will be able to choose the providers you want, regardless of if they are registered NDIS providers or not. On a plan-managed configuration, you will also be able to negotiate pricing to pay less than the NDIS price guide. Savings from negotiated prices may then allow you to add another support service to your plan.
Why should you choose to plan-manage with the support of Bespoke Lifestyles?
At Bespoke Lifestyles, our friendly team provides full transparency of your financial management, through flexible and meaningful support. While there is a fee associated with using a plan manager you will receive a specific amount of funding to cover the cost of this management. It is important to also note that this funding will not come out of your Core supports and is at no cost to you. Our main goal at Bespoke Lifestyles is to reduce the administrative headaches associated with managing your NDIS fund and allow you to live the life that you deserve! We also provide a large range of online resources to help make managing your funds as easy as possible.
How to plan-manage your funding?
Do you want to learn more about plan management? Our team of experienced consultants are available to answer any questions you may have about plan-managing your NDIS funding.