Thousands of supporters offer disability support to thousands of participants across Australia, and it is necessary to have some rules and regulations regarding the NDIS plan and plan management, to protect the interests of participants and plan management providers. To maintain the resolution National Disability Insurance Scheme Act (2013) is the legislation that established the NDIS and the National Disability Insurance Scheme, the Transition Agency known as the National Disability Insurance Agency (NDIA).
The NDIS has also made a setup regarding the NDIS rules and the legislative instructions under the Act. There are a varied number of Rules for each area of the NDIS, such as becoming a participant, children, and supports for participants, nominees, and plan management, among others.
For managing the finances of your plans, it is necessary to know NDIS plan management rules and operational guideline.
It outlines the rules the NDIA surrounds regarding plan management of your plan. These are operational and legislative guidelines by the NDIS. These are:
1) Self-management of funds can pose an unreasonable threat, for the payment of NDIS fund.
2) Provides grace period during temporary absences in Australia regarding the supports of NDIS plans.
3) These rules and NDIS plan management terms led by NDIA ensure safety for you and your plan management provider. It assures you and the plan management provider for using the same language, terminology to make it reliable for each other to come to a specific decision on a single note. This rule enables you and your plan management provider to have a wise decision regarding your plan.
4) The language and terminology used are difficult to understand. Therefore, we have made it easier to let you know the rules effortlessly. Whenever you have any confusion regarding the NDIS, feel free to contact our disability service team.
The four stages mentioned in easy language are as follows:
1) Identifying the risks during the self-management of funds
These rules lay down the principles which outline the different risks involved when you manage your funds yourself; when a person wishes to self-manage their fund, NDIS warns them that they might be at a problem in the future regarding their wellbeing, and it may deny the access to self manage your funds. The following are risks of self-management of funds:
Self-management of funds can cause you physical, mental, and financial risks. When you are not in a condition to make wise decisions and manage your funds
2) Payment of NDIS funds
As a part of your plan, you receive funds to pay for the specific disability and help you achieve your goals. These payments are either in the form of a single lumps sum or in installments to a nominated bank account.
3) Overseas travel
NDIS understands that overseas travel is the most relevant part of an individual's life. Whether having a disability does not matter, as per NDIS rules, your plan will remain in place for a period of two months or six weeks. However, this can be extended depending upon the individual circumstances.
4) Describing supports
Some disability support in your plan may refer to the kind of support. In general, this ensures greater flexibility about how the supports are delivered.
Specific instructions are listed; you have to follow while purchasing any support. Some instructions are specified deliberately regarding the kind of support.
A plan manager's role is to make more sense out of your NDIS plan and to guide you to navigate your plans in the best way. It assists in deciding whether you need someone you can trust to help you out regarding your NDIS plan. Plan management is the ideal solution as it allows you to have the best of both worlds.
AT MY CARE PLAN MANAGER, we are an independent NDIS registered service provider in Australia. Owing to several years of experience in plan management, we know what you want. So, you can rest assured that we always do the best for you. Our experienced team is well equipped to handle all the administration of your plan, including paying suppliers, budgeting to ensure you maximize your funding, and provide recommendations based on your funds and goals.