If you would like a professional to administer your NDIS plan, two main options are self-management and hiring a plan manager. The first is an accountant. The second is a professional accountancy firm. A professional accountancy firm will handle your financial administration needs, including processing expenses and providing monthly statements. However, if you are not comfortable with the details of managing your budget, you can consider employing an NDIS plan manager.
Having an NDIS plan manager can be invaluable in helping you manage your plan. While a professional accountant or business adviser may be a better choice, you should consider your preferences. Do you prefer to receive your documents via email? Are you unable to speak to a live person? Are you not comfortable using the internet? Then, it may be time to hire a professional accountant or accountancy firm. A personal trainer can help you manage your finances, while a business owner can assist in running a successful business.
While there are many benefits to self-management, it is important to remember that choosing someone independent and whose interests align with yours is important. An experienced professional in the disability sector and financial services will effectively manage your plan. They should also work with you to help you achieve your goals and live a fulfilling life. In addition, you should feel comfortable with your plan manager and communicate with them.
Once you’ve chosen a plan manager, you can change it at any time. If the new NDIS is not causing you financial hardship, you can easily switch to another provider. You should also know that the NDIS does not charge exit fees when you change providers, so switching to a new plan manager should not cost you anything extra. Again, you can ask the Local Area Coordinator about this when you have your planning meeting.
A registered NDIS plan manager will secure service provider budgets and pay bills. They can also help you set up service agreements with providers. The NDIS will only reimburse you for upfront payments if you use a registered Plan Manager. A registered Plan Manager will be your “connection” to the NDIS. A Registered Plan Management company will keep your best interests in mind and safeguard your NDIS funds.
Using a plan manager can give you peace of mind. It makes it easier for you to obtain information and contact people, and it can also help you get a better understanding of the NDIS. There are a few things to look for in a plant manager. Firstly, they should have a good reputation in the industry. They will provide you with recommendations for a plan that best meets your needs. Once you have selected a provider, you can contact them for support.