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What Is Plan Management?
Plan Management is a financial service that helps National Disability Insurance Scheme (NDIS) Participants manage their NDIS funding.
A Plan Manager takes care of financial tasks like paying invoices, tracking budgets, and providing financial reports, making it easier for Participants to use their funds effectively.
What Does a Plan Manager Do?
- Pays Provider Invoices on behalf of the Participants.
- Keeps track of the Participants NDIS budget financial reports and spending.
- Provides financial reports and statements for transparency.
- Gives advice on how to maximize NDIS funds.
Why Choose Plan Management?
- Participants can use both registered and non-registered Providers.
- No need to handle paperwork or financial admin.
- More control and flexibility compared to NDIA-managed plans.
- Funded by the NDIS- there is no cost to the Participants.
Plan Management is one of the three ways to manage an NDIS plan, alongside self management and NDIA (agency) management.