NDIS – Self Management
As a NDIS participant or carer, you will need to make some decisions about who will manage your funding. It’s a bit like a superannuation fund, some people choose to manage their own super, and others choose to let a Super Fund do it for them.
For NDIS, your three options are:
- Self Management
- Plan Management
- NDIA-managed funding
Each option has its own pros and cons, and it’s about finding the best fit for your needs. See the ‘NDIS guide to: Self Management’ for more information.
One of the benefits of self-management is that you know your needs and preferred outcomes better than anyone else. You can choose products and services that are a good fit for you, and you will know your history of what has worked and what hasn’t worked better than anyone else. You also have the power to negotiate and leverage your outcomes to your best advantage. For example, you might pay a little more for getting a more customised solution or negotiate to pay a little less and use the savings for another product or service.
However, if you let someone else manage the funds for you, they might have access to options that you didn’t know were available and know about other people in similar circumstances that had successful outcomes using particular products or services. When you are trying to achieve better outcomes, the broader knowledge of other people’s journeys can be invaluable.
With the flexibility of NDIS management, some people choose to self-manage some of their funds, and use the plan manager or the NDIA to manage the rest. Other people do their own research to find out their options, and manage all of the funding themselves. In short, it’s up to you to decide what the best fit is for your situation.
If you do end up choosing to fully or partially self-manage, you will need to be aware of your responsibilities. Again, it’s a bit like a superannuation fund, there are strict rules around what you can and can’t do, and you need to be well informed and responsible. There are more details about this in the ‘NDIS guide to: Self Management’, as well as further details about what kind of support is available for you if you choose to self-manage.
If you need to learn more about how other people approach self-management, some of the videos on the following NDIS YouTube channel can also be helpful.