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Funding / Insurance / Pre-Authorizations
Funding / Insurance
The purchase or rental of equipment all costs
money. To assist, in what could potentially become a financial burden,
we offer the following helpful information. Many customers are able
to limit their personal expenditure to only what is necessary, and
allow a third party to assist with the balance. The following may
represent sources of funding depending on your personal circumstances.
Private funding
Private funding is when an individual pays for their equipment from
their own money. Sometimes, societies and organizations will provide
funding for equipment if individuals requiring financial assistance
meet the criteria set out by such organizations.
Insurance and Extended Benefits
Insurance
and Extended Benefits allows for people to substantially reduce
the initial cost of medical equipment. A great deal of people often
fail to realize that their benefits program will often pay for 75-100%
of the cost of equipment, depending on the type and details of the
extended health plan. Also, a reputable vendor will be able to work
with therapists and health plan providers to expedite the process
of securing funding or authorization for equipment expenditures.
Government funding
Government
funding falls under the auspices of public insurance, such as workers
compensation, income or social assistance, veterans affairs, non
insured health benefits or automobile accident coverage providers.
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