Understanding Plan Management
The plan manager communicates with service providers, receives and pays invoices on your behalf.
This doesn’t mean passing off your plan to someone else; accountstability’s Plan Managers actually help you understand your funding package, which gives you greater choice and control over the services you want to gain access to.
The processes at Plan Management by Account Stability involves:
- Receiving invoices directly from your providers and making payments in a timely manner
- Assisting you in keeping track of your accountstability funds and helping you manage your budget, including discussing with you effective ways to use your approved funds and building your financial literacy
- Notifying you of any issues with payments and helping you understand the accountstability.
What are the benefits of using a Account Stability?
The undivided aim of Account Stability is to provide our clients with detailed, complete, accurate and timely accounting services whereby the clients receive the best value for money.
The aim of Account Stability regarding Accounting & Bookkeeping Services:
The undivided aim of Account Stability is to provide our clients with detailed, complete, accurate and timely accounting services whereby the clients receive the best value for money.
1. Security and peace of mind
All Plan Managers are approved account stability providers, qualified accountants or bookkeepers. You can rest easy knowing your funding is in safe hands. Part of a plan manager’s role is to make sure every invoice received is in-line with the account stability Price Guide so you aren’t overcharged.
2.Helps you save time
Choosing to manage your own plan, means you need to claim funds from the account stability to pay providers. You will also be responsible to keep track of your expenditures so you maintain sufficient funds prior to your plan review.
If you choose Plan Management, you will not have to deal with the financial team of your different providers. All the administration will be done on your behalf by your Plan Manageror Plan Coordinator.
3. Assist you in staying organised and stay on top of finances
Your Plan Manager will look after all the record-keeping and will provide you with monthly reports.
FAQ
Why use a plan manager?
A plan manager will help you monitor your funds, and provide financial reporting.
Having a good plan manager will allow you to have more control over your plan and allow you to make decisions on your own. A highly skilled plan manager will understand your needs and make you independent in managing your plan.
How can you have plan management?
When meeting a support coordinator or even by contacting the NDIA (National Disability Insurance Agency), you can tell the NDIS staff that you would like a plan manager to support you. The NDIS will include funding in your plan to pay for your plan manager. This is separate from your other services and supports in your plan.
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Do I have to pay for a plan manager?
No you do not have to pay for a Plan Manager. There is no additional cost to you if you choose to have a plan manager, as the NDIA supports plan management by adding these extra funds to cover the cost. If you are requesting for plan management or to have a plan manager you can request it in your planning meeting or review.