A key component of Consumer Directed Services in Texas is choosing the right Financial Management Services Agency (FMSA). The FMSA acts as a partner in managing the financial and administrative aspects of the CDS program. While the individual or parent manages the caregivers and the care itself, the FMSA ensures that all the financial and compliance requirements are met.
The FMSA performs critical tasks such as:
- Processing payroll for caregivers.
- Managing tax withholding and reporting.
- Providing assistance with budgeting and financial planning.
- Ensuring the consumer complies with all associated regulations.
- Partnering with the individual/family to ensure the best outcomes for the individual receiving care.
Through the support of an effective Financial Management Services Agency (FMSA), individuals and families are given the resources they need to manage the financial and administrative side of caregiving. This model is truly transformative, offering people with disabilities and their families the unique opportunity to take control of their care and create an environment that is best suited to their needs.
