There are three options for Funds Management:
- Agency Managed means that the National Disability Insurance Agency (NDIA) will manage your funds. The NDIA will pay registered providers for services.
- Self-Managed means that you will manage your own funds. The NDIS will reimburse you and you will manage invoice payment themselves.
- Plan Managed is when you choose a Plan Manager to assist with your funds management. The Plan Manager will manage the receipt and processing of invoices, however you still has the final word before invoices are paid. NDIS deposits the payments into the Plan Managers bank account and they process payments to suppliers.