Description
The National Disability Insurance Scheme (NDIS) is designed to provide personalised support for individuals living with disabilities, focusing on what is ‘reasonable and necessary’ to achieve their goals. Understanding the different types of support budgets available under the NDIS Can help the participants make the most out of their funding. NDIS Plan Management support plays a crucial role in helping NDIS participants understand the NDIS and effectively manage their support budgets.
The three main types of support budget categories in a participant’s NDIS plan include Core Supports, Capacity Building, and Capital Support. The Core Supports budget is flexible, covering everyday items like continence aids (Consumables), Assistance with Daily Living, support for Social and Community Participation, and Transport. The Capacity Building budget focuses on building skills and independence for the future. It is divided into eight support categories, including Plan Management. The Capital Support budget is for significant investments like assistive technology or home modifications. If you have Plan Management included in your NDIS plan, then expert plan managers can provide valuable advice on how to best utilise your support budgets to achieve your goals. Plan managers monitor the spending of the participants to ensure that they stay within their budget. They provide regular financial statements, so the participants always know how much funding they have left and how it is being used. With Plan Management, participants also have the freedom to choose both registered and non-registered service providers, giving them more choice and control over the services they receive.
Plan Guard Plan Managers offers a hassle-free way to manage your NDIS support budgets, giving you more time and flexibility to focus on what’s important – achieving your goals and living your best life. Get in touch with us to know how we can help you navigate your NDIS journey.
https://www.planguard.com.au/blogs-understanding-ndis-core-capacity-building-and-capital-support-budgets/
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