Plan Management
Understanding Plan Management
The plan manager communicates with service providers, receives and pays invoices on your behalf.
This doesn’t mean passing off your plan to someone else; KonceptM’s Plan Managers actually help you understand your NDIS funding package, which gives you greater choice and control over the services you want to gain access to.
The processes at Plan Management by KonceptM involves:
• Receiving invoices directly from your providers and making payments in a timely manner
• Assisting you in keeping track of your NDIS funds and helping you manage your budget, including discussing with you effective ways to use your approved funds and building your financial literacy
• Notifying you of any issues with payments and helping you understand the NDIS.
What are the benefits of using a Plan Manager?
Having a plan manager allows you more flexibility over the providers you choose, as you don’t need to solely stick with using those registered with the NDIS. What this means is that you can claim an invoice payment for any service provider with an ABN that meets your NDIS plan goals and your needs.
A plan manager will also inform you and give you plenty of notice when your funds are running low, so that you can take the necessary steps to ensure you’re never without support.
Here are some extra benefits that allow you to weigh up your options and make the right decision:
1. Security and peace of mind
All Plan Managers are approved NDIS providers, qualified accountants or bookkeepers.Youcan rest easy knowing your funding is in safe hands. Part of a plan manager’s role is to make sure every invoice received is in-line with the NDIS Price Guide so you aren’t overcharged.
2.Helps you save time
Choosing to manage your own plan, means you need to claim funds from the NDIS to pay providers. You will also be responsible to keep track of your expenditures so you maintain sufficient funds prior to your plan review.
If you choose Plan Management, you will not have to deal with the financial team of your different providers. All the administration will be done on your behalf by your Plan Manageror Plan Coordinator.
3. Assist you in staying organised and stay on top of finances
Your Plan Manager will look after all the record-keeping and will provide you with monthly reports.
At Plan Management by KonceptM, clients trust us to manage their plans and finances with professionalism,honesty and integrity. We provide personalised attention, tailored solutions and careful oversight of NDIS funds to ensure clients have access to the right information and support, throughout the life of their plan.
Through our expertise and experience, clients can make informed decisions to maximise the benefit of their NDIS funds.
FAQ
A plan manager will help you monitor your funds, and provide financial reporting.
Having a good plan manager will allow you to have more control over your plan and allow you to make decisions on your own. A highly skilled plan manager will understand your needs and make you independent in managing your plan.
No you do not have to pay for a Plan Manager. There is no additional cost to you if you choose to have a plan manager, as the NDIA supports plan management by adding these extra funds to cover the cost. If you are requesting for plan management or to have a plan manager you can request it in your planning meeting or review.
This is shown as Improved Life Choices funding in your NDIS plan. This allows you to have self-managed choices without the self-managed hassle.
Have a Question?
Our plan managers are here to answer any questions you may have about NDIS or plan management. If you need advice or assistance, don’t hesitate to contact us.
