What is NDIS plan management? Planning for the delivery of your National Disability Insurance Plan (NDIS) involves a wide range of activities, including designing, writing, and implementing strategies, as well as hiring and managing the service providers to implement them. These activities are required to be managed in a planned manner and without disruption. However, managing the plan can be difficult for even the most seasoned of business owners and administrators because the requirements for preparing the system can change from year to year.
NDIS Plan management is one of the three main management options available to NDIS beneficiaries when it comes to managing their program funds effectively. The three types of plan management are NDIA (aside from the NHE), NDIA Managed (the primary agency managed version) and NHA Managed (the ‘indirect managed’ option, where you hire and manage registered NDIS providers). The categories are as follows:
So, what are the benefits of NDI (NHE) or NHA (Indirect managed) plan management? First, a manager can help you avoid financial problems that might occur if you are not able to plan your financial resources carefully. A manager can also help you plan your investments and your retirement plans. They can also assist with providing periodic, independent income statements.
An NDA refers to legally binding paperwork that lays out your plan’s objectives and strategy. The document must be approved by the Department of Social Development (DSD) and is prepared by an experienced planner who is registered with DSD. The NDA manager must also endorse the plan. When these documents are submitted to DSD, the agency then publishes them in a “Planning Notes”.
The NDIS Plan management is a document that explains the steps to be taken for the implementation of your plan. It is the legal document that contains the details of how you intend to pay the funds into the program, such as how you intend to pay them overtime, and what payments will be made to whom? A plan administrator will have access to your program administration plan and the details of payments you have already made.
An NDIA administrator is the person responsible for the day-to-day management of your program. They will be responsible for the design and implementation of the program. Your administrator will also be responsible for setting the number of funds available for you and your provider(s) and will be responsible for ensuring that payments to your provider(s) are made on schedule.
There also are areas where you can appoint a manager for NDI and NHA. For example, you can nominate a planner to monitor the program and its performance, audit the program, manage your provider’s accounts receivables, and prepare the administrative report and a third party can also provide you with advice on the future financial status of the program. There is a role of a planner, in the form of a registered professional accountant, that you can appoint if you are not skilled in the field of social security administration, as well as a third party, in the NDI and NHA plan.
You can appoint an NDIS manager if you are the primary caregiver of an individual or an injured person. For example, you can specify a guardian or caretaker of a person that has an impairment, a child’s guardian, a person who has mental illness or dementia, and a caretaker of an older adult.