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Elevators installed with more than 4 inches of “gap space” between the hoistway doors and the elevator car doors can pose a serious safety risk. Children may become entrapped in the space and could be seriously injured or killed. This risk can be reduced with the proper installation of space guards at each floor.

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How to Finance a Stairlift

How to Finance a Stairlift Preferred Elevator

TimePayment is one easy and convenient way to finance a stairlift

Are you interested in a stairlift, but not sure of how to pay for it or how the financing process goes? Then, the information here is a must-read. Today, we’re going to go over a few options on how to finance a stairlift. You deserve to age in place and be comfortable in your home. A stairlift can help you do so. 

TimePayment Financing 

How this type of financing works is all in the name. It allows you to finance a stairlift in your own time. Once approved, you can fund your stairlift by making affordable, monthly payments. You can apply online for an instant credit decision. TimePayment will email lease documents, submit signed documents via email or fax, and make payments super convenient. You can make payments online and manage an online account. TimePayment financing works on both the commercial and consumer level. 

Medicare and Medicaid

At this time, Medicare does not cover stairlifts. However, Medicaid does help pay for stairlifts in Maryland and many other states. The Medicaid Home and Community Based Services (HCBS) have waivers that help individuals age in place and help pay for home modifications. Each state has its guidelines, and there can be waiting lists, but waivers can be extremely helpful and advantageous, especially if you’re on a budget or have limited income. 

What Happens if Medicaid Cannot Cover Your Stairlift

The fantastic news is that there are many state grants, charitable funds, and community organizations that can help you pay for a stairlift. State Home Modification Loans (HMLP) exist as well as Homecare Benefits and Veterans programs. The link that we provided is a lot to sort through, but it goes to show how many options you have. 

One Final Note

Stairlifts are beneficial because they make life more comfortable for anyone with limited mobility. If maintaining your independence and improving your safety is the goal, reach out to us today. We also offer wheelchair lifts, elevators, dumbwaiters, and many other devices that make home navigation more manageable. 

Preferred Elevator: We’re On the Up and Up!

For 14 years, Preferred Elevator has served residents in Central Maryland, Baltimore, and Washington, DC. You can rely on our experienced home installation team and quality products.

For our commercial elevator clients, we also provide annual inspections of your equipment to adhere to standards established by the state of Maryland. During these inspections, we make sure that your commercial mobility product is functioning correctly and efficiently. We’ll also go over all safety devices and customized features offered within your plan!

Get in touch with us! Our business hours are Monday-Friday 8 am -5 pm. Reach us by phone at 410-238-2555, or follow us on Facebook, Twitter, and LinkedIn.

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    Preferred Elevator

    • 7110 Golden Ring Road
      Suite 102
      Essex, MD 21221
    • Phone: 410-238-2555
    • 24/7 Emergency Service
    • Business Hours:
      Monday–Friday: 8am–5pm
    • MHIC #123888
    • Elevators Contractors License #1186
    • DC License #ELC1300867