What happens when you overspent your funds?
There are cases wherein a participant may not have overspent funds but instead might have underspent them. This article will focus on the common reasons why a participant falls into not being able to maximize his/her NDIS funding and what to do next.
If you are in this situation, it is important to know that underspending your funds does not mean that it will automatically impact your next funding so do not panic. The first thing you have to do is to identify the possible reasons which led you to the situation. Some of the most common reasons why participants fail to maximize their funds are but not limited to :
· Not being able to find the right service provider for you
· Not being able to find the right support worker for you
· Not being able to attend appointments due to health reasons
· Unplanned change/s in circumstances
· Not fully aware of the funding category or categories you are currently entitled
Once you will be able to drill down the reason/s which led you to underspend your funds, you may contact your LAC and have a discussion about your current situation.
The NDIA will make necessary assessments on what is reasonable and necessary for them to provide you with your new funding and not based on your historical spending.
The role of a Plan Manager
This is where the role of a Plan Manager comes in, as he /she is responsible for ensuring that you are on track with your funds by providing you with monthly updates with your spending.
At Yogi Care Plan Management we take pride in being able to offer the following to our clients:
Excellent customer service -we always make sure that we prioritize the needs of our clients and that we tailor fit our approach according to their preference
Expertise- Yogi Care is composed of a highly dedicated team of experts in the financial industry, so we can assure you that you are in good hands
Efficiency- with Yogi Care Plan Management, you will be able to use our efficient platform should you wish to check your funds. You will be able to access your online portal where you can navigate it and run through it anytime, anywhere
And because one of the common reasons why participants underspent their funding is because of not being able to find a suitable service provider or support worker, being Plan Managed with us would mean putting an end to this dilemma. With us, you will gain access and have larger options in terms of choosing your service providers as you can choose from NDIS registered to non-registered providers.
Do you have trouble staying on track with your funds? Be Plan Managed with Yogi Care and allow us to help you stay on track with your funds so that you can focus on staying on track with your goals.