The NDIS (National Disability Insurance Scheme) determines whether supports are beneficial and represent value for money through a comprehensive assessment process.
In PlanHELPs experience, these are some of the
key factors considered in determining Value for Money
- Cost-Benefit Analysis: The NDIS evaluates whether the cost of a support is reasonable relative to its benefits. This includes considering if the support will improve the participant’s life stage outcomes and provide long-term benefits.
- Comparison with Alternatives: The NDIS assesses if other supports could achieve the same result at a substantially lower cost. This ensures that the chosen support is the most cost-effective option available.
- Long-Term Impact: Supports likely to reduce the need for other supports over time, or delay the need for more costly supports are considered good value for money. For example, home modifications that increase independence may reduce the need for ongoing personal care.
- Independence and Participation: Supports that enhance a participant’s independence and ability to participate in the community are prioritised. This includes considering how the support will help the participant achieve their goals and improve their quality of life.
- Evidence of Effectiveness: The NDIS looks for evidence that the support is effective and beneficial for the participant. This includes considering professional assessments and recommendations.
Determining Value for Money: Practical Application
- Example: If a participant needs a piece of equipment, the NDIS will compare different options to find one that meets the participant’s needs at a reasonable cost. They will consider factors like durability, functionality, and whether the equipment will reduce the need for other supports.
- Assessment and Planning: During the planning process, participants work with their planners to identify supports that align with their goals and needs. The planner helps ensure that the supports chosen are both beneficial and cost-effective.
Ensuring Financial Sustainability
By carefully evaluating the cost and benefits of supports, the NDIS aims to maintain financial sustainability while providing participants with the necessary resources to achieve their goals. This approach helps ensure that the scheme can continue to support future generations.