You’ve got your National Disability Insurance Scheme (NDIS) plan in place, so what’s next? Your plan is designed to match your requirements and give you the tools you need to live a better life. That is why it is critical to review your strategy and ensure that it is working for you.
Home Care Experts is here to assist you in making the most of your plan so you can focus on your objectives and what you want to accomplish in life.
Top tips from HCE:
1. Check in on your plan on a regular basis.
Your plan is intended to help you achieve your objectives and live your best life, so it’s critical to check in on it around the halfway point to ensure it’s on track. Spending too much too soon is just as bad as not spending enough too soon, so about halfway through your plan, you should be about halfway through your overall budget. Check in on your plan every six months if it’s a year, or every year if it’s a two-year plan. Home Care Experts can assist you with budget management to keep you on track with your expenditures while ensuring you get the most out of your plan.
2. Making your money go furthest.
There are methods to be more creative with your spending and stretch your financial resources further. We’ve been around for awhile and know the NDIS inside and out, so we’re the experts on the many and different ways you can use your funds! The NDIS price guides set the maximum amount that can be charged for a particular assistance, product, or service. You can find a comparable service for less than the price recommended number, leaving you with more money in your budget.
We have some useful resources on how to discover NDIS service providers, and if you’re still unsure, you can always contact us or the National Disability Insurance Agency (NDIA). There is no obligations to declare that you are an NDIS participant, and services may be cheaper if you pay beforehand and are reimbursed. Always compare prices before deciding on a provider.
3. Examine how you manage your funding.
How do you now manage your funds? Is your existing method effective, or could you benefit from some expert advice? If you are currently self-managed or under agency management and want to transition to plan management, simply mark your plan as “plan managed” and include “Improved Life Choices” in your budget. We offer a step-by-step guidance on how to include plan management in your NDIS plan.
4. Technology is available for assistance.
Make use of the tools at your disposal because technology is supposed to make our life easier. There are numerous tools accessible online that will allow you to check your overall budget expenditure, see how much you have spent, and view historical bills in order to prepare for future spending. When examining your budget, set aside a modest percentage as a ’emergency’ fund in case you need it. We can also assist you with budgeting and check in with you at critical milestones to ensure your strategy is on track.
5. What if you’re about to run out of money?
The unexpected can happen at any time, and your budget may not endure until the end of your plan. That is why it is critical to maintain a close eye on your spending and to mention it as soon as you become aware of it so that they can assist you through the process. If your plan is no longer serving your needs, the NDIS has a helpful guidance on what to do. If you have the opposite situation and have money left over at the end of your plan, we have some suggestions for you.
And the most important thing, feel free to reach out for help
The crucial thing to remember is that your plan is intended to provide constant continuing assistance while also allowing you to reach your goals. The benefit of hiring an expert adviser is that time-consuming tasks like as administration and bill paying are handled for you, allowing you to focus on the greater picture of living your best life.
Contact us immediately by phone or email to learn more about the advantages of plan management.
