Regarding acquiring adaptive equipment, a primary challenge is often cost. Adding something new to a fixed budget is challenging, and unfortunately insurance doesn’t cover most adaptive equipment. Learn more about why that is, here.
There are a few creative ways to pay for equipment. In this article, we'll talk about HSA/FSA cards, Care Credit and community programs
Health Savings Accounts
Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) offer individuals an opportunity to save pre-tax dollars specifically for healthcare-related expenses. One major advantage of these accounts is the ability to use HSA or FSA cards to pay for adaptive equipment. Whether it's a wheelchair, assistive technology, or any other adaptive device, HSA and FSA funds can be used to cover these necessary expenses as long as the seller is approved.
By using your HSA or FSA card, you can conveniently pay for adaptive equipment without having to worry about upfront costs or reimbursement processes. This enables you to access the essential tools needed right away while maximizing the benefits of their tax-advantaged accounts. Using an HSA or FSA card to cover costs at AskSAMIE.com is a great way to get what you need.
Shop Pay Installments
Shop Pay Installments allows you to split your purchase into four equal, biweekly payments with 0% APR, or choose monthly installments with interest rates ranging from 6% to 36% APR, depending on your eligibility and the purchase amount. Because of it's simplicity we offer Shop Pay Installments at AskSAMIE!
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No Hidden Fees
There are no additional charges, interest rates, or late fees for biweekly payments. Monthly payments may include interest, but there are no hidden fees.
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Checkout Process
Simply add items to your cart, check out with Shop Pay, and select the option to pay in installments. Your first payment is due at checkout, and the remaining payments are automatically charged to your saved card based on the payment plan you choose.
What are the Benefits of Using Shop Pay Installments?
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Simple Eligibility: Customers must have a billing address in the United States and be signed up for Shop Pay. The total order amount must be between $50 USD and $20,000 USD to qualify for Shop Pay Installments.
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Easy Checkout: Customers add items to their cart and check out using Shop Pay. They can then choose to pay in installments. The first payment is due at checkout, and the remaining payments are automatically charged to the customer's card based on the payment schedule they choose.
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Flexible Payment Options: Customers can choose between two biweekly, interest-free payments for orders from $35 USD to $50 USD, four biweekly, interest-free payments for orders from $50 USD to $999.99 USD, or monthly payments for orders from $150 USD to $30,000 USD. Monthly installment orders are interest-bearing, with rates from 6% to 36% APR, and can be paid over three, six, or twelve months.
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Reminders and Notifications: Customers receive email reminders before each payment is charged, ensuring they are aware of upcoming payments.
How Does Using ShopPay Impact Your Credit Score?
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Biweekly Installments
If a customer chooses to pay for their order in four biweekly installments, their credit score isn't impacted.
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Monthly Payments
If a customer opts for monthly payments and fails to make their payments on time, their credit score might be affected. Only the monthly payment options have the potential to impact a customer's credit score.
How to Tap into Local Community Programs for Home Modification and Repair Assistance
Regarding home modifications and minor repairs, local community programs can be a valuable resource for financial assistance. These programs are designed to support individuals and families who may be facing financial constraints but still require essential home modifications or repairs. Whether it's installing ramps, widening doorways, adding handrails, or addressing plumbing or electrical issues, there's likely a program that offers solutions to help you maintain a safe and comfortable living environment.
The trick is finding a program that meets your needs and that you qualify for. Even though it may take some time, it's worth exploring these programs in your area to see if you qualify and to take advantage of the assistance available to enhance your home's functionality and overall quality of life. The great thing is that we’ve made that easier for you! By creating a user account, you can access a nationwide search tool that helps you find assistance in your community.
Regarding financing adaptive equipment, home modifications, and minor repairs, individuals have a range of payment options to consider. From HSA/FSA cards to Care Credit to community programs, you can be creative in the way you try to fund what’s needed because there is nothing to say that you can’t use all three! By considering these three payment options, individuals can access the resources they need to enhance their quality of life, improve accessibility, and maintain a safe living environment. And if you need help working through your options, just email us at Hello@AskSAMIE.com and we'll be happy to help!
