Financing for Mobility and Accessibility Devices
By Tim Moulton, Canadian Country Head, humm Group
A young woman in her thirties recently faced a life-changing spinal injury. As a new wheelchair user, her two-story home became a daily challenge, with the stairs rendering the upper floor inaccessible. Her physical therapist recommended a stairlift, which could restore her independence in her own home. The $10,000 cost of a customized stairlift was far beyond her means.
This young woman is not alone in her experience. According to the 2022 Canadian Survey on Disability (CSD), 27 per cent of Canadians aged 15 years and older, or eight million people across the country, have one or more disabilities that limit their daily activities.
Achieving independence with home accessibility and mobility devices
The Accessible Canada Act (ACA) aims to create a barrier-free Canada by 2040. It focuses on meeting accessibility standards by identifying, removing and preventing barriers across various sectors, including employment, the built environment and transportation. Since this act was passed in 2019, the federal government has introduced various financing plans, such as the Enabling Accessibility Fund and the Home Accessibility Expenses Tax Credit.
Navigating one’s own home safely and independently is crucial. Devices like stairlifts and vertical platform lifts can enhance independence and quality of life. But even with funding assistance from the government, the cost of these devices can often make them feel unattainable. Fortunately, there is a solution.
Empowering Canadians with disabilities through purchase financing
Motion is a leading provider of comprehensive and customized mobility and home accessibility services, including wheelchairs and stairlifts. Many clients have come to Motion unable to pay for a device in full. As a business committed to making life more accessible to everyone, Motion recognized a gap in their payment options and turned to humm seeking a solution.
In partnership with humm Canada, Motion implemented flexible purchase financing plans.
Financing plans allow clients to immediately obtain their mobility and accessibility devices, paying for them through a series of monthly payments. It allows individuals to obtain the equipment they need, when they need it. Payment plans are a useful tool for both clients and businesses, but sometimes the math around it can feel overwhelming or confusing. Humm Canada, which is part of a global purchase finance company, offers flexible financing plans centered on ease of use, simplicity and support.
Businesses who partner with humm can offer clients the choice to make purchases up to $30,000, payable in equal payments as short as six biweekly payments or up to 60 months. The application process is simple and straightforward, and Canadians can receive a credit decision in less than seven minutes. Additionally, the loan balance can be paid in full at any time without penalty.
The solution Canadians not only need, but deserve
Purchase financing plans empower Canadians to be in control of their finances and access services and devices that enhance their quality of life. When Canadians can access the services and devices they deserve, they are enabled to live the life they want. For some, this means staying longer in familiar environments, surrounded by community support and personal memories. For others, it’s about maintaining dignity and being able to preserve physical and emotional health. Most importantly, it allows Canadians to remain in control of their own lives.
Financing tips for mobility and accessibility devices
• Consult your health practitioner: Get recommendations for the best devices suited for your needs.
• Check your insurance coverage: Understand what your health insurance plan covers for mobility and accessibility devices.
• Explore government funding: Look into federal and provincial programs that provide grants and funding for mobility devices and accessibility improvements.
• Seek providers offering purchase financing plans: Look for companies that provide flexible financing options to make devices more affordable and accessible.
• Sign up for a simple purchase financing plan today: Consider plans like those offered by Motion and humm Canada to spread the cost over manageable payments.
