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5 Strategies for Managing NDIS (National Disability Insurance Scheme) Funding

5 Strategies for Managing NDIS (National Disability Insurance Scheme) Funding

If you are an Australian resident who is eligible for the National Disability Insurance Scheme (NDIS), then you will need to manage your funding package. Managing your funding package means understanding how much money you are expected to receive each month and making sure that all of your bills and expenses are paid on time. You also need to make sure that your bank account stays healthy so that you have enough money available to cover your bills.

Here are some tips for managing your NDIS funding:

Keep track of all of your expenses

This includes everything from doctor’s appointments to home repairs. Write down what was spent, where it was spent, and when it was spent. This information can help prove financial hardship if there is a dispute over benefits later on in the process.

Be proactive with submitting claims

If something happens that affects one or more parts of your health, be proactive about getting treatment as soon as possible so that you receive your benefits on time.

Outstanding Debts

Make sure all outstanding debts are taken care of before applying for social security or disability payments. Too many people postpone their applications because they think they will have additional money once their debts have been paid off; it rarely turns out this way.

Make a timeline

When you expect each expense to be paid, it is better to make a timeline. This will help you avoid overspending on one category of expenditure while neglecting others. Create budgets for each category of spending and stick to them as closely as possible. If something unexpected comes up (like an expensive new prescription), try to cover the cost with funds from another budgeted area first.

Contact and Communicate with your NDIS 

Contact and communicate with your Funding Package Officer regularly to check on progress in filing claims and monitoring expenses. You don’t want any delays in receiving financial support, which could jeopardise your eligibility for the NDIS (National Disability Insurance Scheme). They may have suggestions for improving efficiency or managing costs in other ways.

Make use of online resources

Make use of online resources available to you  such as the myNDS website or NDIS Plus app, to find out more about the NDIS (National Disability Insurance Scheme) process and how best to apply for funding. They have easy-to-use interfaces that make it quick and easy to look for available funds.

By following these simple tips, you will be able to manage your NDIS (National Disability Insurance Scheme)funding package successfully without running into too many problems along the way. Yet, if you have any questions, Bharosa is always with you!

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