What is Plan Management & the NDIS?
At Excellent Plan Management, we aim to make your NDIS experience seamless and rewarding.
NDIS
What is the NDIS?
The NDIS provides funding to eligible people with disability to gain more time with family and friends, greater independence, access to new skills, jobs, or volunteering in their community, and an improved quality of life.
Plan Management
What is Plan Management?
Plan Management is a service designed to help NDIS participants manage the financial side of their plans. We handle:
• Processing invoices and paying your service providers.
• Tracking your NDIS budget to ensure your funds are used effectively.
• Keeping your records compliant with NDIS guidelines.
Why Plan Management Matters:
• Reduces stress by taking care of financial admin.
• Gives you the freedom to choose your own providers, including those who are not NDIS-registered.
• Ensures you stay in control of your funding while receiving expert support.
NDIA Managed
Managed by the NDIA/NDIS- No administrative burden; the NDIA handles all invoicing and payments.
- Reduced financial risk as the NDIA directly deals with providers.
- Limited to NDIS-registered providers, which may restrict your options for services.
- Less flexibility in negotiating prices or services tailored to specific needs.
Plan Managed
Managed by us (Recommended)- Greater access to a wider range of providers, including both registered and non-registered.
- A plan manager handles financial administration, offering a balance between control and convenience.
- Potentially more cost-effective solutions by accessing services from non-registered providers.
- No extra fee
- Dependence on the efficiency and reliability of a plan manager.
Self Managed
Managed by Yourself- Complete control over the choice of providers, including unregistered professionals and services.
- Requires significant time and effort to manage documentation, invoices, and compliance with NDIS guidelines.
- Financial acumen needed to manage budgets and handle payments.
- Risk of mismanagement which can affect funding and service provision.