The National Disability Insurance Scheme (NDIS) can be a complex process to handle alone. It can be quite frustrating and time consuming in the case of managing one's own funds and support services. Rosamma Care, the trusted NDIS registered providers Victoria, is here to make you aware about the importance of making informed choices. As there are many options available for NDIS plan management, we will explore the pros and cons of two popular options, which are self managed and plan managed NDIS plans. The details will help you to discover which approach suits your needs.
Self Managed NDIS Plans
It is taking control of your support, and plan management at your own risk. Self managed NDIS plans provide individuals with the highest level of control and flexibility over their funds and service providers.
Pros:
Total Control: Self managing your NDIS plan helps you to make decisions regarding support services, service providers, and how your funds are managed and distributed.
Freedom of Choice: You have the freedom to choose an NDIS registered provider. The selected provider should align with your specific needs and preferences.
Direct Communication: By directly engaging with service providers, you can establish strong relationships. This will help you to develop trust and can have a more personalized approach to support.
Cons:
Administrative Responsibilities: Self managing your NDIS plan comes with administrative duties, such as financial record keeping, invoicing, and managing service agreements.
Time and Effort: Investing time and effort to manage your plan and engage with service providers can be demanding. You may have to invest your valuable time more into the administrative part and it requires organizational skills and a keen attention to detail.
Limited Support: Self managing may require more effort to coordinate services. This can lead to the rise of unwanted problems and you have to resolve any issues that may arise.
Plan Managed NDIS Plans
This will help in simplifying the administration part and you will get coordination in managing your care plans. Plan managed NDIS plans offer an alternative where a third-party provider handles the administrative aspects of managing your funds. At Rosamma Care as an NDIS plan management providers Victoria, you can rely on us without worrying about the overwhelming administration and track of records.
Pros:
Assistance with Administration: A plan manager like Rosamma Care, as an NDIS plan management provider, will take care of financial inquiries, payment processing, and service provider coordination. We make sure you are free from the frustrating administrative burden.
Wide Range of Service Providers: With access to NDIS registered providers, plan managed options provide a broad network of service providers to choose from.
Flexibility and Support: As the plan managers, we can provide guidance on service options, budgeting, and financial reporting, allowing you to focus on receiving the support you need.
Cons:
Limited Control: With plan managed NDIS plans, you may have less control over the choice of service providers, as the plan manager assists in coordinating and negotiating services.
Dependency on a Third Party: Relying on a plan manager means relying on their availability and responsiveness when it comes to managing your funds and resolving any issues.
Making the Right Choice for You
Choosing between self managed and plan managed NDIS plans depends on your personal preferences, capabilities, and support needs. It is essential to consider the level of control, administrative responsibilities, and the support you require before making a decision.
As registered NDIS plan managers Victoria, Rosamma Care is committed to supporting individuals throughout their NDIS journey. Whether you opt for self management or plan management, our knowledgeable team can provide guidance, resources, and assistance that cater to your specific needs.
Conclusion
When it comes to managing your NDIS plan, knowing the pros and cons of self managed and plan managed options is crucial. Self management offers autonomy and freedom in decision making, while plan management provides support in administration and coordination. At Rosamma Care, we understand that everyone's circumstances are unique. We empower you to live life to the fullest while receiving the support you deserve.