26 Aug What is the difference between Self Management and Plan Management in the NDIS?
You’ve got your NDIS plan! Now you might be wondering what the difference between NDIS self management and NDIS plan management is. In this blog we will attempt to clarify this for you, highlighting the key differences so you can decide which option is right for you.
If having maximum choice & control over your NDIS plan is what you want, then keep reading! Plan Management and Self Management provide you with much more control over your plan and funding in comparison to agency managed. They also allow you to utilize registered AND non registered providers to provide your supports.
SO…What is NDIS Self Management?
Self-managing your NDIS plan essentially means you do everything yourself. Choosing to self manage your NDIS plan gives you a lot of flexibility, but it also comes with a lot of responsibility. You are in total control of the finance and administration associated with your NDIS plan.
Self-managing enables you to use your funding to access both NDIS registered and non-registered providers; allows you to be less reliant on others, thus exercising your independence; and enables you to negotiate the cost of your supports, ensuring you receive the best value for your money.
Providers for self managed NDIS participants are not subject to the arrangements set out in the NDIS price guide. So you may end up paying more for your supports.
Self-managing can be time consuming and sometimes complicated. You’ll need to have exceptional bookkeeping skills in case of an audit, keeping records of all invoices and receipts for five years, pay service providers directly (this is quite often out of your own pocket, then reimbursed by the NDIS), claim from the NDIS portal, and manage and monitor budgets yourself.
What is NDIS plan management?
Plan management is great because it gives you maximum choice & control, whilst reducing the time and effort required by you to ‘manage’ your plan funding.
Being plan managed gives you complete choice and control over the providers you engage with, whether NDIS registered or not; it removes the need to navigate the often complicated and frustrating NDIS; and any administration associated with your NDIS plan and funding.
Plan Management is completely funded by the NDIA and will not dip into your plan funding. It also enables you to negotiate lower costs with your providers, making funding go further and ensuring value for money.
If you are ever audited you don’t have to do anything. All invoices and record-keeping is the responsibility of your plan manager. You will receive NDIS plan budget reports and oversights; expert help when and where you need it. Including monitoring your budget ensuring you are getting the most out of it.
So, which one should you choose?
If you want the freedom to choose and be in control of the providers you access; to be able to negotiate the price you pay for supports; and don’t want to have to worry about the associated administration, plan management may be the best option for you.
At Assist Plan Managers we believe in “Making Life Easier”.
We pay your service providers quickly, so that you have piece of mind knowing they’re getting paid, in fact, we process their invoices the day we receive them.
We provide a personalised service, so you’re not just a number. You’ll have your own personal Client Care Manager, who will check in on you regularly, and you can ask questions any time!
We send you updates on your plan funding and make suggestions on how you can use it.
If you’d like to learn more, check out our blog How To Get Plan Management In My NDIS Plan? or feel free to reach out to our friendly team on 0452 238 335 or via our contact page.
We are always happy to help and answer any questions you may have!