How funding is managed in NDIS Plans

One of the many benefits of joining the NDIS family is the freedom and choice of managing your funding. Amongst the prep and overwhelming paperwork leading up to your plan meeting, it’s easy to neglect this aspect of your NDIS plan. However, each option to manage your funds offers certain advantages, and it’s in your best interest to choose one that correlates with your priorities and circumstances. 

Currently, there are three options to manage your funds; NDIA managed, Self-Managed and Plan management. Many participants embrace freedom and hands-on style to handling funds themselves. In contrast, others may find peace of mind with assistance navigating the murky waters of the NDIS, and avoiding the hassle of admin work. 

Today we’ll cover the choices available and peek into why plan management is steadily rising in popularity as a preferred choice for many participants and families.  

Option 1: NDIA Managed

This option enables the NDIA, the organisation representing NDIS services, to manage your funds and pays providers directly. The participant may only choose from registered NDIS service providers.

All service bookings through the NDIS ‘MyPlace’ portal. All services paid will automatically be at the price guide rate, therefore eliminating the option to negotiate with providers to stretch funding further. Your providers will claim payment electronically from your funding.

Option 2: Self-Managed

A self-managed plan provides the participant with total responsibility for financial management regarding their NDIS plan. The participant/nominee receives invoices directly from providers with obligations to pay in a timely manner. Access to all service providers regardless of NDIS registration. 

Personal responsibility for administration and record-keeping of receipts and financial records. 

Zero limits on provider pricing. Responsible for verifying accurate invoices and submitting claims to the NDIS portal for reimbursement. 

Option 3: Plan Management

Plan Management works essentially as an intermediary financial function. Under plan management, you’ll work together with a registered NDIS plan manager of your choice. You’ll achieve the freedom offered via self-management yet experience the relief of no administrative burden. Access to purchase supports from non-NDIS registered providers. You don’t have to use the NDIS Portal. Plan Manager will receive and pay invoices. 

Ability to negotiate with providers with pricing never exceeding the NDIS price guide. Monthly statement of expenditures and budget totals provided to participants. No need to keep receipts and invoices in case of an audit. You have a partner in navigating the NDIS and someone to help you make the most value out of your funding. 

It’s important to note that not all plan managers are the same, and careful attention is required when selecting your plan management organization. 

At FineCare Disability Services, we offer many exclusive benefits and provide leading expert knowledge and guidance through your NDIS journey. 

Soooo, what option should I choose?

Every participant is different and leads different lives; therefore, there’s no standard ‘one size fits all’ choice. Plan Management has been surging in popularity in part because it offers opportunity and control to participants, saves valuable time, and makes managing NDIS funds and tracking your budget simple. It can be a helping hand in a sea of providers, NDIS jargon and head-scratching admin work. 

However, to decide what’s the best option for you requires reflection on what your priorities are, your current circumstances, as well as how much time and effort you’re willing to spend on managing your funds and whether or not you would benefit from receiving assistance.

If you have any questions about plan management or the NDIS, please don’t hesitate to contact us. Our friendly team is happy to chat and discuss your options. Give us on 1300 017 627 or email info@finecare.com.au to take back control. 

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Contractor Confidentiality

In the regular course of business, the company accumulates a considerable amount of “sensitive” participant and other information. The following principles are to be observed in relation to all personal information collected and retained by AlliedHealth Ability Services Pty LTD .

Confidential information refers to any data or information relating to the participant, whether business or personal, which would reasonably be considered to be private or proprietary to the participant and where the release of that Confidential Information could reasonably be expected to cause harm to the participant.

The Contractor agrees that they will not disclose, divulge, reveal, report or use, for any purpose, any confidential information which the Contractor has obtained, except as authorised by the participant or as required by law. The obligations of confidentiality will apply during the term of this Agreement and will serve indefinitely upon termination of this Agreement.

You agree that you will not for yourself or for any other person, for 12 months after your engagement with AlliedHealth Ability Services Pty LTD ends, without the written consent of AlliedHealth Ability Services Pty LTD , directly or indirectly do any of the following:

(a)       canvass, solicit, or accept any approach from any participant or customer of AlliedHealth Ability Services LTD with whom or which you had direct dealings during the 24 months immediately preceding the termination of your engagement, with a view to obtaining the custom of that participant or customer, for a business that competes with AlliedHealth Ability Services Pty LTD or provides the same or similar services;

  • canvass, solicit, induce or encourage any person who was a contractor of AlliedHealth Ability Services Pty LTD any time during your commitment to leave as a contractor with AlliedHealth Ability Services Pty LTD;

  • provide services or accept any request to provide services (being services that are similar to those provided by AlliedHealth Ability Services Pty LTD to any participant or customer of AlliedHealth Ability Services Pty LTD with whom or which you had direct dealings during the 12 months immediately preceding the termination of your CONTRACT;

  • accept contract or work with any participant or customer of Fine AlliedHealth Ability Services LTD with whom or which you had direct dealings during the 12 months immediately preceding the termination of your contract; and

  • Counsel, procure or assist any person, firm or company to do any of the acts referred to in this clause.

You agree that these restraints are reasonable and necessary to protect the business and goodwill of AlliedHealth Ability Services Pty LTD.

Obtaining and Safeguarding Information

Only such information as is necessary to the company’s business should be collected, used and retained. When personal information is needed, wherever possible it should be obtained directly from the person concerned. Contractors should take reasonable steps to ensure only reputable and reliable sources are used to supplement this information.

Information should only be retained if it is needed or as required by law, and such information should be physically secured and protected.

Information with respect to personal information regarding contractors or participants and contained in company files, must not be disclosed to any individual by any contractor unless and until proper

authorization for such disclosure has been obtained from the relevant party. Access to Information

Internal access to personal information should be limited to those with a legitimate business reason to seek the information. Personal information should only be used for the purposes for which it was originally obtained. The consent of the person concerned should be obtained before there is external disclosure of personal information unless provided otherwise by legal process or contractual arrangement.

AlliedHealth Ability Services Pty LTD recognizes that all persons have the right to review and have access to their personal records retained by the company. This right is subject to a corresponding right to privacy of the source of such information, recognizing that some information is not to be disclosed due to legal and ethical prohibition or privilege.

Intellectual Property

You irrevocably consent to AlliedHealth Ability Services Pty LTD using any work made or to be made by you in the course of your contract. All intellectual property and related material, including any trade secrets, moral rights, goodwill, relevant registrations or applications for registration, and rights in any patent, copyright, trademark, trade dress, industrial design and trade name that is developed or produced under this Agreement, will be the sole property of the AlliedHealth Ability Services Pty LTD.

The Contractor may not use the Intellectual Property for any purpose other than contracted for in this Agreement. The Contractor will be responsible for all damages resulting from the unauthorised use of the Intellectual Property.

All documents, participant lists and computer records which you create during your contract with AlliedHealth Ability Services Pty LTD  will belong to AlliedHealth Ability Services Pty LTD  and you must immediately return them to us together with any copies at the end of your contract or upon request. The Contractor agree that any invention, discovery, novel design, copyright in any literary work, art work and other copyright work created by you during and in the course of engagement with AlliedHealth Ability Services Pty LTD  is the property of AlliedHealth Ability Services Pty LTD .

The Contractor is in agreeance with the above mentioned information in the Contractor Confidentiality Policy and Non-Compete Agreement

T&C

1. You are registering as an independent contractor to work with AlliedHealth Ability Services Pty Ltd and are not employed by FineCare

2. You will be engaged by AlliedHealth Ability Services directly

3. You need to get an ABN in order to receive payment through AlliedHealth Ability Services

4. You are responsible for all our tax obligations and superannuation requirements (you need to factor this into the hourly rate you charge)

5. Agree to consent to the collection of necessary personal information, including age, gender, medical history / reports, address details, and the disclosure of information to third parties.

6  Agree to undertake all medical tests and examinations as required to ensure my capability to perform the tasks required of the position for which I have applied. 

7.  Declare that the information I have provided in this form is true and accurate and I authorise the company to verify any information if required. Any false or misleading information may result in the termination of my position / application.

8. Read and understood my rights in respect of access to and collection of my personal information.