Think of a Plan Manager as a bookkeeper for your NDIS funding. Although the main function of a Plan Manager is to pay invoices issued by participant’s service providers, there are many more functions performed by a Plan Manager. We look at these functions in a little more detail below:
- Receiving support invoices (either directly from the provider or via the participant)
- Claiming funds from a participant’s plan using the NDIS portal
- Paying support invoices to providers
- Providing monthly statements to a participant which include a summary of expenditure and a balance of the remaining funds across the different categories of funding
- Maintaining records of all expenses and ensuring that tax invoices are compliant with NDIS and tax office requirements
- Assisting participants to understand the different categories of funding and the support items contained in each category
A Plan Manager can also assist participants to:
- Review service agreements to ensure that pricing is correct and the approved funding will cover the cost of the supports agreed to for the duration of a plan
- Explore alternative budgeting options or support scenarios
- Build greater budgeting and financial literacy
- Assist to develop the skills required to self manage future NDIS funding if desired
Still have questions about how a plan manager can help you with your NDIS plan? Get in contact with us today!
