ADHD: A Parenting Guide

Funding The Installation Of A Stair Lift

Remaining in their own home is a priority for many aging individuals. Unfortunately, the home can quickly become a dangerous place if mobility issues become a factor in the aging individual's life. If you have a loved one with a mobility issue, the installation of a stair lift to help with the navigation of a stairway could be critical in allowing your loved one to remain in his or her own home for as long as possible.

Here are three potential resources you can turn to for help in funding the installation of a stair lift in the future.

1. Apply for a home modification grant.

The installation of a stair lift is considered a home modification in many states. A home modification is any change that makes a home more safe and accessible for the residents living within. In order to ensure that those who need modifications in order to remain safely in their homes are able to fund these modifications, the U.S. Department of Housing and Urban Development has created grant programs.

You can contact your local HUD office to apply for a home modification grant on behalf of your loved one to help offset the cost of installing a stair lift.

2. Take advantage of private medical insurance.

If your loved one still has access to a medical insurance policy administered by a private company, he or she may qualify for financial compensation to help pay for the installation of a stair lift. Read through your loved one's policy and consult with an insurance agent to determine if coverage for a stair lift is available.

You will likely need a statement of justification from your loved one's doctor indicating that the stair lift is critical when it comes to the safety of your loved one in his or her home. Obtain this document prior to filing a claim to expedite the payment process.

3. Take advantage of Medicare waivers.

Although Medicare doesn't cover the cost of a stair lift in itself, there are waivers available that could qualify your loved one for financial aid under his or her Medicare policy for the installation of a stair lift.

Each state has the ability to set certain Home and Community-Based (HCB) waivers that are designed to keep aging individuals out of institutions and in their homes. Check with your state's Medicare administration office to see if the funding of a stair lift falls under the HCB waivers in your area.

Finding ways to pay for a stair lift in your aging loved one's home can be challenging, but you can turn to grants, private insurance, and Medicare waivers for assistance. For more information about financing the purchase of a stair lift, contact a company like All-Star Lifts.