If you are caught between choosing self-management or plan management, worry not because we will provide you with a handful of information that will help you decide on which one to choose.
Being Plan Managed saves you time since you can directly choose your preferred service provider regardless if it is NDIS registered or not, this is the same for being Self-Managed.
The downside of self-management is that you must do everything on your own.
This includes the paperwork, payments and record keeping. Self-managed applicants are required to be on top of various invoices consistently for audit purposes.
The good thing about being Plan Managed is that you do not have to do a single paperwork, payment or record keeping. It is the responsibility of the Plan Manager to do all those things for you.
Although being Self-Managed may save time, there is the risk of overspending the budget which may lead to payments that may come out of your own pocket.
However, if you choose to be Plan Managed, you will never have to worry about the risk of paying out of pocket. This is because your Plan Manager will inform you on time that your budget is getting extinguished.
While being self-managed gives you choice and control, you must be cautious in terms of monitoring your funds. You must be able to track how much of the budget that has been used for services.
If you are Plan Managed, your Plan Manager will track and keep you updated with how much you are currently consuming vs that of what is left. You will also be able to check your finances with their online portal.
When you are Self-Managed, you must ensure to pay your service providers on time.
What if you lost track of your schedule? What if you are too sick to plan and manage all your invoices and payments? What if something more urgent comes up? Plan Management gives you the ease from uncertainties because we will process the invoice to ensure that your service providers are paid on time.
When you are Self-Managed, you have to do everything on your own but when you are Plan Managed, you are guaranteed with a support system that will be happy to assist, listen and understand you.
You are one step closer to reaching a stress free life, choose being Plan Managed with Yogi Care and be part of our growing family, email us at help@yogicare.com.au or give us a call at 08 7082 5555.
398 Payneham Road
Glynde SA 5070
Our plan managers are professional accountants in public practice. Name of the public practice is Yogi Group Accountants & Business Advisors www.yogigroup.com.au
Make Yogi Care Plan Management your plan manager for plan managed NDIS. Let us help you take your stress out of NDIS. A holistic financial intermediary service