The NDIA has released its latest report on the financial sustainability of the NDIS scheme. It’s packed with interesting data you can look at here. The report is released as part of the NDIA’s ongoing commitment to participants, the disability sector, and other stakeholders. It provides analysis and discussion of scheme experience, estimates for the future, and recommended strategies to address risks to sustainability.
If you don’t have the time to read the whole report, here are some of the most important points.
- At the end of December 2020, there were 432,649 active participants, making the total number predicted for that time 4.1% higher.
- Going forward, the projected number of participants for 2024-2025 is over 670,000 and for 2029-2030 it’s estimated there will be nearly 860,000 participants on the NDIS! These figures are significantly higher than previously estimated.
- Participants with Supported Independent Living (SIL) represent 5.7% of all NDIS participants, with average annual payments coming to $318,000. This is in contrast to non-SIL participants and their annual payments which average out at $37,400.
- Around 35% of participants who have SIL funding don’t have SDA In their plans.
- Participant costs between 2021-2022 are set to almost double and reach $59.3 billion by 2030
- The rate of new entrants to the NDIS continues to be very high, even in areas which the scheme has been operating in for several years.
- Originally it was thought that participants who had early intervention support would quickly transition out of the NDIS and be supported by mainstream and community services. This is not happening at the rate projected.
- In the report, projections for costs are with the assumption that a lower rate of future payment for participants will apply.
Don’t forget you can download and read the whole report here (124 pages worth!).