How you can manage your NDIS funding
There are a few ways you can choose to manage your NDIS funding. On this page we take a look at them.
How will you manage your NDIS funding?
When you go into your NDIS planning meeting the planner is going to ask how you would like to manage your plan. There are a few different responses you can give. Do you self-manage, get the NDIS to manage it for you or look into one of the other options? If you’re confused about which one might be right for you– don’t worry, we’ll walk you through your options so you can make an informed decision on which one might best suit you.
Self-managed
The ‘hands on’ approach
A mix
Best of both worlds
NDIS (agency) managed
The most popular option
With the help of a plan manager
Like an accountant for the NDIS
Self-management
Self-management offers the most choice, control and flexibility, but can also be quite time consuming and brings a level of responsibility. This option suits organised people who like to take a ‘hands-on’ approach. Many have likened it to running their own small business.
It’s important to note that while it’s called self-management, you can use a plan nominee, who is generally a parent or carer.
What it looks like
- You can choose and arrange your own supports, including your own support workers.
- You ensure that the relevant invoices for your supports are paid on time.
- You keep appropriate records and receipts for supports provided, both claimed and paid.
NDIS (agency) management
This option suits people who don’t want to spend time dealing with finances and are happy to use registered NDIS providers.
Most people chose NDIS, or ‘Agency’ management. This option, while being easier than self-management, limits you to using service providers who are registered with the NDIS.
What it looks like
- You can choose from a range of NDIS registered providers and work with them to arrange your supports, including your support worker preferences.
- The National Disability Insurance Agency (NDIA) ensures that the relevant invoices for your supports are paid on time.
- The NDIA keeps appropriate records and receipts for supports provided, both claimed and paid.
A mix
If you’re unsure, you may be able to choose a mix of self-management and NDIS (agency) management. This means that you can choose who manages what when it comes to your NDIS finances.
This option suits people who are happy for the NDIS to manage parts of their budget, but who want control over certain services. This is especially handy when you want to enlist a support service that is not registered with the NDIS.
What it looks like
- You choose and arrange your own supports, including your own support workers.
- You ensure that the relevant invoices for your self-managed supports are paid on time.
- You keep appropriate records and receipts for the supports that you choose to self-manage, both claimed and paid.
- The NDIA will manage the parts of the budget that you allocate to them.
Enlist the help of a Plan Manager
If you like the sound of self-management, but aren’t confident in your abilities, you can enlist the help of a professional. Plan Managers are like an accountant for the NDIS. They take care of the financial complexities and make sure everything is being done correctly.
What it looks like
- You choose and arrange your own supports, including your own support workers.
- You meet with your chosen Plan Manager and discuss your plan.
- Your Plan Manager oversees the financial component of your NDIS plan.
